XML 57 R46.htm IDEA: XBRL DOCUMENT v3.22.1
Business Combination & Acquisitions - Recapitalization (Details) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jan. 12, 2021
Jan. 11, 2021
Mar. 31, 2022
Mar. 31, 2021
Recapitalization        
Cash - South Mountain (net of redemptions and non-contingent expenses) $ 240,670      
Cash - PIPE investors 200,000      
Cash electing shares of Legacy Billtrust shareholders (90,061)      
Fees to underwriters and other transaction costs (19,936)      
Net cash received from reverse recapitalization 330,673   $ 0 $ 349,638
Net assets acquired and other adjustments 255   $ 0 $ 255
Net contributions from reverse recapitalization $ 330,928      
Recapitalization, Number of Shares        
Common stock, shares outstanding (shares) 145,266      
Stock repurchased during period (shares) (9,006)      
Common stock of South Mountain (shares) 30,498      
Shares issued from PIPE (shares) 20,000      
Recapitalization shares (shares) 41,492      
Legal Billtrust stockholders (shares) 103,774      
South Mountain        
Recapitalization, Number of Shares        
Stock repurchased during period (shares)   (2)    
Common Shareholders | South Mountain        
Recapitalization, Number of Shares        
Common stock, shares outstanding (shares)   25,000    
Founder Shareholders | South Mountain        
Recapitalization, Number of Shares        
Common stock, shares outstanding (shares)   5,500