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Common Stock Warrants (Tables)
9 Months Ended
Sep. 30, 2024
Stock Purchase Warrants [Abstract]  
Schedule of Change in Fair Value of Warrant Liabilities

The following table summarizes the change in fair value of the warrant liabilities during the nine months ended September 30, 2024 (in thousands):

Fair value of warrants at issuance February 9, 2024

 

$

10,327

 

Change in fair value during the period

 

 

(1,570

)

Fair value of warrants at September 30, 2024

 

$

8,757

 

Schedule of Valuation of the Warrants

The following table summarizes certain key inputs for the valuation of the Warrants at September 30, 2024:

Common stock price

 

$

1.27

 

 

Exercise price per share

 

$

1.62

 

 

Expected volatility

 

 

65.80

 

%

Risk-free interest rate

 

 

3.52

 

%

Contractual term (in years)

 

 

4.86

 

 

Expected dividend yield

 

 

 

%