Income Taxes

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 10 — Income Taxes

The Company’s effective tax rate was (10.3)% and 102.4% for the three months ended June 30, 2024 and 2023, respectively. The Company’s effective tax rate was (3.0)% and 57.3% for the six months ended June 30, 2024 and 2023, respectively. The effective tax rate differs from the statutory tax rate of 21.0% primarily due to the valuation allowance on the deferred tax assets and non-deductible transaction costs.