Shareholders' Deficit

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Shareholders' Deficit

9. Shareholders’ Deficit

The following reflects the activity in the shares of our common stock for the years ended December 31:

Common Shares (in thousands)	2022		2021		2020
Beginning balance		50,955		50,192		33,715
Equity issuance - UST commitment fee		—		—		15,944
Issuance of equity awards, net		646		763		533
Ending balance		51,601		50,955		50,192

The shares issued to the UST are subject to a voting trust agreement entered on July 9, 2020 which provides that all shares of the Company’s common stock owned by the UST shall be delivered to a voting trust and voted in proportion as all other common stock are voted, subject to certain exceptions defined therein.