Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.24.3
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
The following table summarizes the range of significant assumptions used in determining the fair value of liability-classified warrants as of December 31, 2023 and on the respective reclassification dates for the nine months ended September 30, 2024:

The following table summarizes the range of significant assumptions used in determining the fair value of liability-classified warrants as of December 31, 2023 and on the respective reclassification dates for the nine months ended September 30, 2024: 

 

    Nine months ended   As of
    September 30, 2024   December 31, 2023
Common stock price   $ 6.080 - 9.888   $ 12.896
Risk-free rate     4.01% - 5.37%     3.84% - 4.23%
Expected term (in years)     0.86 - 5.00     1.78 - 5.15
Expected volatility     105.00% - 120.00%     108.00%
Discount for lack of marketability     N/A     5.00%
A reconciliation of the beginning and ending balances for the liability-classified warrants measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the nine months ended September 30, 2024:

A reconciliation of the beginning and ending balances for the liability-classified warrants measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the nine months ended September 30, 2024:

 

    Warrant liabilities  
Balance at December 31, 2023   $ 22,855  
Fair value - mark to market adjustment     (7,005 )
Warrants reclassified from liabilities to equity     (15,850 )
Balance at March 31, 2024   $  
Warrants reclassified from equity to liabilities     9,977  
Fair value - mark to market adjustment     855  
Warrants reclassified from liabilities to equity     (10,832 )
Balance at June 30, 2024   $  
Warrants reclassified from equity to liabilities      
Fair value - mark to market adjustment      
Warrants reclassified from liabilities to equity      
Balance at September 30, 2024   $