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Subsequent events
6 Months Ended
Jun. 30, 2022
Subsequent events.  
Subsequent events

15. Subsequent events

On July 15, 2022, the Borrowers entered into the second amendment (the “Second Amendment to LSA”) to the Loan and Security Agreement with Hercules (as amended by the First Amendment to LSA). Pursuant to the Second Amendment to LSA, among other amendments, (a) the rate at which the borrowings under the Loan Agreement bear interest was decreased and capped to be an annual rate equal to the lesser of (x) the greater of either (i) 8.05% and (ii) the Wall Street Journal prime rate plus 4.55% and (y) 9.05%, (b) the interest-only period was extended to April 1, 2025, (c) the Maturity Date was extended to July 1, 2025, and (d) the Borrowers may request additional term loans, subject to satisfaction of customary conditions, in an aggregate principal amount, including amounts already borrowed pursuant to the Loan Agreement and First Amendment to LSA, of up to $75.0 million on or before December 31, 2024.