Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of fair value Hierarchy

The following table presents information about the Company’s liabilities at March 31, 2024, that were measured at fair value on a recurring basis:

in thousands	March 31, 2024
Description	Level 1		Level 2		Level 3		Total
Liabilities:
Warrants to purchase common stock	$	—	$	—	$	5,781	$	5,781
Convertible Notes		—		—		28,211		28,211
Total financial liabilities	$	—	$	—	$	33,992	$	33,992

in thousands	December 31, 2023
Description	Level 1		Level 2		Level 3		Total
Liabilities:
Warrants to purchase common stock	$	—	$	—	$	18,554	$	18,554
Convertible Notes		—		—		63,520		63,520
Total financial liabilities	$	—	$	—	$	82,074	$	82,074

Summary of the Changes In Fair Value of Financial Instruments

The following table presents a summary of the changes in fair value of the Company's Level 3 financial instruments:

in thousands	Warrants
Fair value as of December 31, 2023	$	18,554
Issuance of warrants at fair value		2,234
Gain on change in fair value of warrants		(15,007	)
Fair value as of March 31, 2024	$	5,781
in thousands	Convertible Notes
Fair value as of December 31, 2023	$	63,520
Issuance of convertible notes at fair value		11,961
Gain on change in fair value of convertible notes		(47,270	)
Fair value as of March 31, 2024	$	28,211