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WARRANTS (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Warrant Activity

A summary of the RTI warrant activity for three months ended March 31, 2024 is as follows (in thousands, except per share data):

 

 

Number of warrants

 

 

Weighted average exercise price

 

 

Weighted average grant date fair value

 

 

Weighted average remaining contractual term (years)

 

Outstanding at December 31, 2023

 

 

971

 

 

$

5.56

 

 

$

0.03

 

 

 

1.0

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2024

 

 

971

 

 

$

5.56

 

 

$

0.03

 

 

 

0.8

 

Exercisable

 

 

971

 

 

 

 

 

 

 

 

 

 

Summary of warrant expense (benefit)

Warrant expense (benefit) recognized for each period is presented in the following table (in thousands):

 

 

Three Months Ended March 31,

 

 

2024

 

 

2023

 

RTI warrants

 

$

1,097

 

 

$

(58

)

Private placement warrants

 

$

168

 

 

$

72

 

Series A warrants

 

$

12,679

 

 

$

4,821