XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Current Assets      
Cash $ 1,441,976 $ 605,009  
Prepaid expenses 253,060 321,174  
Total Current Assets 1,695,036 926,183  
Investments held in Trust Account 690,021,942 690,000,000  
Total Assets 691,716,978 690,926,183  
Current Liabilities:      
Accounts payable and accrued expenses 5,086,224 900,390  
Convertible note – related party, net of debt discount 2,000,000    
Advances from related party 2,330 17,703  
Total Current Liabilities 7,088,554 918,093  
FPA liability 6,830,624 69,874,782  
Conversion option on working capital loan liability 2,365,417    
Warrant liabilities 62,224,796 149,920,186  
Deferred underwriting fee payable 24,150,000 24,150,000  
LONG-TERM DEBT:      
Total Liabilities 102,659,391 244,863,061  
Commitments and Contingencies  
Class A ordinary shares subject to possible redemption, 69,000,000 and 44,106,311 shares as of June 30, 2021 and December 31, 2020 at $10.00 per share, respectively 690,000,000 441,063,112  
Shareholders' (Deficit) Equity      
Preferred Stock, Value, Issued  
Additional paid-in capital 0 190,771,666  
Accumulated deficit (100,944,138) (185,775,870)  
Total Shareholders' (Deficit) Equity (100,942,413) 5,000,010  
Total Liabilities and Shareholders' (Deficit) Equity 691,716,978 690,926,183  
Cypress Holdings Inc And Subsidiaries [Member]      
Current Assets      
Cash 58,506,000 162,118,000 $ 93,201,000
Deferred contract costs 12,681,000 11,917,000 10,807,000
Accounts receivable 81,817,000 74,107,000 63,613,000
Income taxes receivable 1,244,000 2,037,000 5,813,000
Other current assets 33,524,000 31,586,000 21,315,000
Total Current Assets 187,772,000 281,765,000 194,749,000
SOFTWARE, EQUIPMENT, AND PROPERTY—Net 108,640,000 101,438,000 89,504,000
OPERATING LEASE ASSETS 41,859,000    
INTANGIBLE ASSETS—Net 1,262,608,000 1,311,917,000 1,410,517,000
Goodwill 1,466,884,000 1,466,884,000 1,466,884,000
DEFERRED CONTRACT COSTS 15,986,000 14,389,000 12,463,000
DEFERRED FINANCING FEES, REVOLVER—Net 598,000 746,000 1,166,000
EQUITY METHOD INVESTMENT 10,228,000    
OTHER ASSETS 16,684,000 18,416,000 9,300,000
Total Assets 3,111,259,000 3,195,555,000 3,184,583,000
Current Liabilities:      
Accounts payable and accrued expenses   52,987,000 53,132,000
Accounts payable 16,826,000 13,164,000 15,416,000
Accrued expenses 58,393,000 52,987,000 53,132,000
Income taxes payable 4,293,000 5,129,000 2,181,000
Current portion of long-term debt 13,846,000 25,381,000 10,000,000
Current portion of long-term licensing agreement—Net 2,620,000 2,540,000 2,386,000
Operating lease liabilities 9,546,000    
Deferred revenues 28,824,000 26,514,000 25,096,000
Interest rate swap derivatives 11,993,000    
Total Current Liabilities 146,341,000 125,715,000 108,211,000
LONG-TERM DEBT:      
Term Loan 1,299,774,000 1,292,597,000 1,313,512,000
DEFERRED INCOME TAXES—Net 311,280,000 322,348,000 333,472,000
LONG-TERM LICENSING AGREEMENT—Net 35,001,000 36,331,000 38,871,000
OPERATING LEASE LIABILITIES 41,338,000    
OTHER LIABILITIES 11,711,000 32,770,000 11,654,000
Total Liabilities 1,845,445,000 1,809,761,000 1,805,720,000
Commitments and Contingencies
MEZZANINE EQUITY:      
Redeemable non-controlling interests 14,179,000 14,179,000 0
Shareholders' (Deficit) Equity      
Preferred Stock, Value, Issued
Additional paid-in capital 1,517,123,000 1,501,255,000 1,491,753,000
Accumulated deficit (265,189,000) (129,370,000) (112,494,000)
Accumulated other comprehensive loss (300,000) (271,000) (397,000)
Total Shareholders' (Deficit) Equity 1,251,635,000 1,371,615,000 1,378,863,000
Total Liabilities and Shareholders' (Deficit) Equity 3,111,259,000 3,195,555,000 3,184,583,000
Cypress Holdings Inc And Subsidiaries [Member] | First Lien Term Loan [Member]      
LONG-TERM DEBT:      
Term Loan   1,292,597,000 947,175,000
Cypress Holdings Inc And Subsidiaries [Member] | Second Lien Term Loan [Member]      
LONG-TERM DEBT:      
Term Loan   0 366,337,000
Common Class A [Member]      
Shareholders' (Deficit) Equity      
Common Stock,Value 0 2,489  
Total Shareholders' (Deficit) Equity 0 2,489  
Common Class A [Member] | Cypress Holdings Inc And Subsidiaries [Member]      
Shareholders' (Deficit) Equity      
Common Stock,Value 1,000 1,000 1,000
Common Class B [Member]      
Shareholders' (Deficit) Equity      
Common Stock,Value 1,725 1,725  
Total Shareholders' (Deficit) Equity 1,725 1,725  
Common Class B [Member] | Cypress Holdings Inc And Subsidiaries [Member]      
Shareholders' (Deficit) Equity      
Common Stock,Value $ 0 $ 0 $ 0