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Business Changes and Developments
9 Months Ended
Sep. 30, 2025
Business Combinations [Abstract]  
Business Changes and Developments Business Changes and Developments
On July 29, 2025, the Company entered into an agreement to acquire Robey Warshaw, an independent advisory firm headquartered in the United Kingdom. The transaction closed on October 1, 2025.
As consideration for the acquisition, the Company delivered to the sellers £71,250 ($95,755) at closing in the form of 275 shares of Class A common stock ("Class A Shares"), a portion of which is subject to repayment if they fail to provide service over a four-year period following the acquisition. Additionally, the Company will deliver to the sellers £74,813 due on the first anniversary of the closing (in Class A Shares or cash), as well as contingent consideration payable on various dates between closing and shortly following the sixth anniversary of closing, dependent on the achievement of certain performance thresholds over a multi-year period. A portion of the contingent consideration, the amount of the payment at closing subject to repayment, as well as retention awards granted to Robey Warshaw employees joining the Company will be treated as compensation for accounting purposes.
The Company recognized $3,516 and $5,153 for the three and nine months ended September 30, 2025, respectively, as Acquisition and Transition Costs. These costs are primarily comprised of professional fees and certain other costs incurred related to the acquisition of Robey Warshaw.