Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The table below presents details of the Company’s debt as of the following periods and the effective interest rate as of March 31, 2025:
  Effective interest rate March 31, 2025 December 31, 2024
Adams Street Term Loan
 11.17  % $ 30,134  $ 30,212 
Adams Street Delayed Draw Term Loan
 11.16  14,581  14,619 
Adams Street Incremental Term Loan
 11.09  31,188  31,268 
Adams Street Revolving Credit Facility
 14.32  30,000  50,000 
D&O Financing Loans —  —  486 
Total debt
 105,903  126,585 
Less: unamortized discounts and issuance costs
 748  855 
Total debt, net
 105,155  125,730 
Less: Short-term debt, including current portion of long-term debt
 780  1,266 
Total long-term debt, net
 $ 104,375  $ 124,464 
As of March 31, 2025, the outstanding principal on the Adams Street Credit Agreement incurs cash interest in accordance with the prime rate plus the applicable rates as set forth in the table below:

  Eurocurrency Rate Base Rate
Term loans
 6.00  % 5.00  %
Revolving credit facility:
Aggregate principal of $5.0 million or less
6.00  5.00 
Aggregate principal in excess of $5.0 million
 7.50  6.50