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Subsequent Events
6 Months Ended
Aug. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

29. Subsequent Events

On August 15, 2022, E2open, LLC and the sellers of Logistyx agreed to extend the final payment to September 1, 2022 allowing both parties to finalize working capital adjustments and other contractual provisions. On September 1, 2022, E2open, LLC made a cash payment of $54.0 million to Logistyx for the final payment for the Logistyx Acquisition which reflected a working capital adjustment of $3.6 million. The Logistyx sellers have disputed the working capital adjustment pursuant to the terms of the Membership Interest Purchase Agreement and the parties are in the process of negotiating in good faith to come to a resolution.

During September 2022, we borrowed an aggregate of $25.0 million under our 2021 Revolving Credit Facility at a weighted average interest rate of 5.64%. All the funds will be used for general operating activities.

During fiscal 2023, our board approved a company-wide share-based compensation program under our 2021 Incentive Plan. Under the program, approximately 3,800 employees will be eligible to receive an annual stock award subject to board approval as part of their annual compensation package. As part of the fiscal 2023 annual compensation package, our board approved a grant on October 1, 2022 of 1,653,982 time based RSUs to the employees who did not receive an equity grant in May 2022. For those employees based in China, 182,513 cash-settled RSUs were granted. The time based and cash-settled RSUs will vest ratably over a three-year period.