Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	September 30, 2024				December 31, 2023
	Level		Amount		Level		Amount
Liabilities:
Warrant Liability – Private Placement Warrants	$	3	$	15,607	$	3	$	7,507

Summary of Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements:

	September 30, 2024			December 31, 2023
Stock price	$	10.91		$	10.44
Exercise price	$	11.50		$	11.50
Expected term (in years)		0.59			0.84
Volatility		31.0	%		30.0	%
Risk-free rate		n/a			n/a	%
Dividend yield		0.0	%		0.0	%

Summary of Change in the Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of Level 3 warrant liabilities as of September 30, 2024, and December 31, 2023:

	Warrant Liabilities
Fair value as of December 31, 2023	$	7,508
Change in fair value		6,097
Fair value as of March 31, 2024	$	13,605
Change in fair value		3,276
Fair value as of June 30, 2024	$	16,881
Change in fair value		(1,274	)
Fair value as of September 30, 2024	$	15,607