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Redeemable Convertible Preferred Stock (Tables)
12 Months Ended
Dec. 31, 2023
Temporary Equity Disclosure [Abstract]  
Schedule of Redeemable Convertible Preferred Stock

The Company’s redeemable convertible preferred stock consisted of the following:

 

 

December 31, 2021

 

 

(dollars in thousands)

 

 

Preferred
Shares
Authorized

 

 

Preferred Shares
Issued and
Outstanding

 

 

Carrying
Value

 

 

Liquidation
Preference

 

 

Common Stock
Issuable Upon
Conversion

 

Series A preferred stock

 

 

6,289,609

 

 

 

6,289,609

 

 

$

7,675

 

 

$

7,730

 

 

 

6,407,256

 

Series B preferred stock

 

 

15,100,000

 

 

 

14,496,835

 

 

$

64,387

 

 

$

246,070

 

 

 

16,746,059

 

Series C-1 preferred stock

 

 

13,150,430

 

 

 

13,150,430

 

 

$

134,791

 

 

$

135,000

 

 

 

13,150,430

 

Series C-2 preferred stock

 

 

3,170,585

 

 

 

3,170,585

 

 

$

32,498

 

 

$

27,666

 

 

 

3,170,585

 

 

 

37,710,624

 

 

 

37,107,459

 

 

$

239,351

 

 

$

416,466

 

 

 

39,474,330