EQUITY |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EQUITY | EQUITY Class A Common Stock As of June 30, 2024 and December 31, 2023, the Company had authorized a total of 500,000,000 shares for issuance of the Company's Class A Common Stock. As of June 30, 2024 and December 31, 2023, 86,034,886 and 83,252,040 shares of the Company's Class A Common Stock were issued and outstanding, respectively. Share Repurchases In 2023, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to purchase up to $40.0 million of the Company’s outstanding shares of Class A Common Stock. The amount and timing of repurchases is determined at the Company’s discretion, depending on market and business conditions, and prevailing stock prices among other factors. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including insider trading laws. The program is not subject to any self-imposed Company trading restrictions or blackout periods and has no expiration date. During the three and six months ended June 30, 2024 and 2023, the Company did not repurchase shares of its Class A Common Stock. As of June 30, 2024, $30 million remained available under the Share Repurchase Program. Warrants As of June 30, 2024 and December 31, 2023, the Company had the following common stock warrants outstanding:
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