Subsequent Events |
9 Months Ended |
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Sep. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events Appgate, Inc. 2021 Incentive Compensation Plan On December 23, 2022, the Company and our Executive Chairman and Chairman of our Board agreed to cancel the Chairman Award. As of January 6, 2023, there were no time-based RSUs, 7,795,232 performance-based RSUs, and 52,678 performance-based PSUs issued and outstanding to participants under the 2021 Plan, which performance-based RSUs and performance-based PSUs were subject to certain vesting criteria. As of January 6, 2023, none of the awards had vested. Revolving Credit Agreement As of January 9, 2023, we had an aggregate of $46.5 million in borrowings outstanding under the Revolving Credit Facility and were in non-compliance with one of the debt covenants under the Revolving Credit Facility due to our failure to deliver our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 to SIS Holdings within 15 days after the date such Form 10-Q was required to be filed with the SEC.
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