Subsequent Events |
9 Months Ended |
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Sep. 30, 2015 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
In October 2015, masFlight met certain milestones, which resulted in a $5.0 million earn-out contingent consideration payment of funds previously held in escrow at September 30, 2015.
On October 26, 2015, the Company entered into warrant exchange agreements with holders of warrants to purchase shares of the Company's common stock, par value $0.0001 per share (“Common Stock”), at an exercise price of $11.50 per share, that were originally issued in the Company's initial public offering (“Public Warrants”), pursuant to which the Company issued an aggregate of 303,580 shares of Common Stock in exchange for the surrender of Public Warrants to purchase an aggregate of 910,750 shares of Common Stock. In addition, on November 5, 2015, the Company issued 93,161 shares of Common Stock upon the cashless exercise of 257,058 warrants that the Company assumed in connection with its acquisition of Row 44, Inc. which had an exercise price of $8.62 per share.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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