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Subsequent Events
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

(23) Subsequent Events

On October 2, 2023, the Company entered into Amendment No. 1 to the PIPE Agreement to settle the “reference period” economic arrangements associated with the PIPE Financing. The Amendment to the existing PIPE Agreement dated June 23, 2023 accelerated the five remaining Reference Periods and set the Settlement Price in connection with the consummation of the proposed private sale by the Subscribers of 3,475,000 shares of Series A Convertible Preferred Stock of the Company to certain third parties. The Company estimates that in October 2023, upon the completion of the private sale and the agreement, it will incur an additional expense of approximately $3.0 million to $3.5 million as a result of the extinguishment of the embedded derivative liability of $2.7 million and the reversal of the stock subscription receivable of $5.6 million. This transaction had a minimal cash cost to the Company.