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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss $ (144,666) $ (137,336)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,782 235
Equity-based compensation 1,675 7,363
Change in fair value of warranty liability 84,317 97,604
Fixed asset write-off 96 259
Issuance of warrants for rent expense 9,033
Asset retirement obligation accretion 236 71
Amortization of debt issuance costs and discount 9,257 748
Accrued payment in kind (“PIK”) interest on debt 4,714 3,554
Changes in operating assets and liabilities:    
Accounts receivables and other current assets (5,297) (860)
Other assets (879)
Accounts payable (7,020) (157)
Accrued expenses and other liabilities (1,180) 114
Net cash used in operating activities (47,932) (28,405)
Investing activities    
Capitalization of costs and purchases of network assets, property, and equipment (1,022) (6,419)
Purchase of internal use software (260) (759)
Net cash used in investing activities (1,282) (7,178)
Financing activities    
Proceeds from senior secured loan 24,638 40,307
Payments towards senior secured loan (96,871)
Senior secured loan issuance costs (5,539)
Proceeds from issuance of Class A Common Units 2 3
Net cash contribution from Business Combination and PIPE financing, net of transaction and issuance costs 207,872
Net cash provided by financing activities 135,641 34,771
Effect of exchange rates on cash, cash equivalents and restricted cash (20)
Net increase (decrease) in cash, cash equivalents and restricted cash 86,407 (812)
Cash, cash equivalents and restricted cash at beginning of period 13,669 14,481
Cash, cash equivalents and restricted cash at end of period 100,076 13,669
Non-cash financing information    
Recapitalization of redeemable convertible preferred units into common stock 383,430
Exercise of warrants 174,327
Reclassification of warrant liability to common stock warrants 22,194
Issuance of warrants 9,033 (222)
Interest paid $ 4,939 $ 3,747