Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

21. SUBSEQUENT EVENTS

On April 22, 2024, the Company issued an aggregate of 3,450,000 shares of common stock in an underwritten secondary public offering, inclusive of the shares of common stock issued in connection with the underwriters exercise in full of their option to purchase additional shares of common stock. The Company sold the shares to the underwriters at the public offering price of $37.15 per share, less underwriting discounts and commissions of $1.67175 per share, resulting in net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company of approximately $121.8 million.

On April 1, 2024, the Company acquired substantially all of the assets of Engineering & Technical Associates, Inc., free and clear of any encumbrances. The purchase price was $2.0 million, of which $1.6 million was funded with cash on hand, and the remaining $0.4 million will be paid as deferred consideration in the Company's common stock in 2025.