The
Company’s debt balances consisted of the following for the periods indicated:
Schedule of Debt Balances
| | |
June 30, 2025 | | |
December 31, 2024 | |
| | |
(In thousands) | |
| Credit facility | |
$ | 387,000 | | |
$ | 28,000 | |
| | |
| | | |
| | |
| SEPA | |
$ | — | | |
$ | — | |
| Fair value adjustment | |
| — | | |
| 790 | |
| SEPA, at fair value | |
$ | — | | |
$ | 790 | |
| | |
| | | |
| | |
| Senior convertible note | |
$ | — | | |
$ | 11,252 | |
| Fair value adjustment | |
| — | | |
| 1,303 | |
| Senior convertible note, at fair value | |
$ | — | | |
$ | 12,555 | |
| | |
| | | |
| | |
| Subordinated note – related party | |
$ | 1,458 | | |
$ | 3,214 | |
| Fair value adjustment | |
| — | | |
| 1,395 | |
| Subordinated note – related party | |
$ | 1,458 | | |
$ | 4,609 | |
|