Subsequent Event |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Subsequent Events [Abstract] | |
| Subsequent Event | Subsequent Event In July 2024, the Company entered into an agreement to continue to lease approximately 60,000 square feet of office space located in New York City, New York. The Company will use the space to support its general and administrative functions, sales and marketing, technology and development, engineering and customer support. The lease will commence upon the termination of the current sublease. Pursuant to the lease agreement, the lease term will commence on February 1, 2025 and will terminate on January 31, 2036. The annual lease payments during the first year are approximately $3.7 million, escalating after year six. Rent expense will be recorded on a straight-line basis over the sublease term. The Company has provided an irrevocable letter of credit in the amount of approximately $1.5 million, pursuant to the terms of the lease.
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