Company: LPSN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001102993-25-000187
Chunk: 137

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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 CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

borrowings, consistent with debt discounts. All deferred financing costs are amortized to interest expense. The net carrying amount of the liability component of the Notes as of September 30, 2025 and December 31, 2024 is as follows:September 30, 2025December 31, 20242026 Notes2029 NotesSecond Lien Notes (1)Total2026 Notes2029 NotesTotal(In thousands)Principal$20,125 $214,374 $181,952 $416,451 $361,204 $207,125 $568,329 Unamortized debt discount— (27,451)— (27,451)— (31,137)(31,137)Unamortized issuance costs(94)(6,495)— (6,589)(2,757)(7,365)(10,122)Carrying value of long-term debt, net$20,031 $180,428 $181,952 $382,411 $358,447 $168,623 $527,070 (1) Represents $115.0 million of outstanding principal amount of Second Lien Notes, plus the maximum interest of $58.7 million as well as a redemption premium of $8.3 million.The following table sets forth the interest expense recognized related to the Notes:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Contractual interest expense$6,097 $4,061 $17,714 $5,371 Amortization of debt issuance costs620 603 1,911 1,744 Amortization of debt discount1,396 1,034 3,832 1,335 Total interest expense$8,113 $5,698 $23,457 $8,450 WarrantsOn June 3, 2024, pursuant to the Exchange and Purchase Agreement, the Company issued to the investor 10-year warrants with a strike price of $11.25 per share, exercisable for 649,782 shares of the Company’s common stock and 10-year warrants with a strike price of $11.25 per share, exercisable with respect to a notional amount of 156,318 shares of the Company’s common stock for cash payments equal to the excess of “fair market