Subsequent Events |
6 Months Ended |
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Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 17. Subsequent Events Second Amended and Restated Certificate of Incorporation On July 31, 2026, the Company’s Second Amended and Restated Certificate of Incorporation (the “A&R Charter”) became effective upon filing with the Delaware Secretary of State. The A&R Charter, among other things, (i) reclassifies the outstanding shares of the Company’s Class B Common Stock such that each holder of outstanding Class A LLC Units holds, following the reclassification, a number of shares of the Company’s Class B Common Stock equal to the number of Class A LLC Units held by such holder, and (ii) provides that each share of the Company’s Class B Common Stock shall have one vote on matters on which the holders of the Company’s Class B Common Stock are entitled to vote. As a result of these amendments, the number of outstanding shares of Class B Common Stock corresponds on a one-for-one basis with the number of outstanding Class A LLC Units. The amendments did not affect the economic ownership interests of the Company’s stockholders or holders of Class A LLC Units and did not result in dilution of existing stockholders. A&R LFH Promissory Note On August 4, 2026, FAR entered into an amended and restated version of the LFH Promissory Note (the “A&R LFH Promissory Note”) with LFH. The A&R LFH Promissory Note provides for an uncommitted revolving facility of up to $20.0 million, provided that FAR can request that LFH grant a one-time temporary (not greater than 90 days) increase in the facility size by an amount no greater than $30.0 million (resulting in an uncommitted revolving facility of up to $50.0 million). The A&R LFH Promissory Note accrues interest at a rate of 10% per annum and matures on August 4, 2027. The A&R LFH Promissory Note contains certain covenants and customary events of default.
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