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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Year Ended December 31,\n2021\n2022\n(in thousands)\nINVESTING ACTIVITIES\nPurchases of property and equipment (881) (614)\nCapitalization of internal-use software (6,340) (7,563)\nProceeds from disposal of property and equipment 24 1\nAcquisition of businesses, net of cash acquired - (5,858)\nPurchases of convertible notes - (1,810)\nPurchases of available-for-sale securities (4,293) (308,106)\nMaturities of available-for-sale securities - 98,986\nNet cash used in investing activities (11,490) (224,964)\nFINANCING ACTIVITIES\nProceeds from exercise of stock options and issuance of common stock 6,505 6,618\nRedemption of stock warrants - (7)\nTaxes paid related to settlement of equity awards (8,673) (3,248)\nProceeds from reverse recapitalization and related financing 268,282 -\nPayment of deferred transaction costs related to reverse recapitalization (32,743) -\nRepayment of borrowings on credit facilities (38,124) -\nNet cash provided by financing activities 195,247 3,363\nEffect of exchange rate changes on cash and cash equivalents (35) (80)\nNet (decrease) increase in cash and cash equivalents 198,056 (220,029)\nCash and cash equivalents, beginning of year 80,848 278,904\nCash and cash equivalents, end of year $ 278,904 $ 58,875",
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