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REDEEMABLE CONVERTIBLE PREFERRED STOCK (Tables)
3 Months Ended
Mar. 31, 2024
REDEEMABLE CONVERTIBLE PREFERRED STOCK  
Summary of Preferred Stock issuances

Preferred Stock

Issuance Date

Shares

Cash Dividend Rate

PIK Dividend Rate

Conversion Price

Net Proceeds Received
(in thousands)

Series A

28-Mar-23

25,000

14.50%

16.00%

$

9.03

$

24,400

Series A-1

6-Sep-23

38,000

14.50%

16.00%

$

7.63

$

37,100

Series A-2

15-Dec-23

35,000

14.50%

16.00%

$

6.21

$

34,100

Series A-3

27-Mar-24

20,000

14.50%

16.00%

$

6.83

$

19,500