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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
We have evaluated subsequent events and determined that no other events or transactions, other than those disclosed above, met the definition of a subsequent event for purposes of recognition or disclosure in the accompanying consolidated financial statements.
On April 25, 2024, we completed the subsequent sale and issuance of 350,880 shares of Class A Common Stock, Class 1 Warrants to purchase up to 175,440 shares of Class A Common Stock and Class 2 Warrants to purchase up to 175,440 shares of Class A Common Stock to ICE pursuant to the ICE Purchase Agreement. We received aggregate gross proceeds of approximately $7.6 million from such issuance.
On May 2, 2024, we announced a reduction in force that is expected to result in the termination of 28 employees, which represents approximately 13% of our non-call center, full-time workforce. The reduction in force is a component of a broader strategic review of our operations that is intended to more effectively align resources with business priorities. Substantially all of the employees impacted by the reduction in force were notified of the reduction on May 2, 2024 and will exit the Company in the second quarter of 2024. We estimate that we will incur expenses in a range of $0.8 million to $1.0 million related to the reduction in force, substantially all of which will relate to employee severance and benefits costs and will be recognized in the second quarter of 2024.