Warrant liabilities |
9 Months Ended | ||||||||||||||||||||
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Sep. 30, 2024 | |||||||||||||||||||||
Warrant liabilities | |||||||||||||||||||||
Warrant liabilities | 5. Warrant liabilities Changes to our warrant liabilities are summarized as follows (in thousands):
Our warrant liabilities relate to the 2022 Series A warrants and 2022 Series B warrants, which were issued in November 2022. These warrants are considered to be derivative instruments; accordingly, we recorded their estimated fair value as warrant liabilities. We estimated the fair value of these warrants using the trading market price of our common stock due to a cashless exercise provision of these warrants whereby eight warrants can be exercised for one share of common stock for no additional consideration, which results in an effective per warrant exercise price of zero. |