The table below summarizes the significant inputs used to estimate the fair value of the 5.00% Notes as of March 31, 2024 and December 31, 2023: | | | | | | | | | | March 31, 2024 | December 31, 2023 | Coupon rate | 5.00 | % | 5.00 | % | Term (years) | 2.7 | 3.0 | Volatility | 55.00 | % | 55.00 | % | Risk-free rate | 4.46 | % | 4.02 | % | Discount yield | 25.00 | % | 25.00 | % |
The table below summarizes the significant inputs used to estimate the fair value of the Schuler Purchase Obligation as of December 31, 2023: | | | | | | | December 31, 2023 | Stock price | $ | 3.92 | Exercise price | $ | 7.20 | Term (years) | 0.13 | Volatility | 55.00 | % | Risk-free rate | 5.55 | % | Fixed commitment purchase price (in thousands) | $ | 10,000 | Number of Shares | 1,387,949 | Obligation probability | 75.00 | % |
The table below summarizes the significant inputs used to estimate the fair value of the common warrant liability as of March 31, 2024 and January 23, 2024:
| | | | | | | | | | March 31, 2024 | January 23, 2024 | Exercise price | $ | 1.65 | | $ | 1.65 | | Term (years) | 4.8 | 5.0 | Volatility | 56.20 | % | 55.00 | % | Risk-free rate | 4.23 | % | 4.06 | % | Dividend yield | 0.00 | % | 0.00 | % |
The table below summarizes the significant inputs used to estimate the fair value of the warrant component of the Forward Contract as of March 31, 2024 and January 19, 2024: | | | | | | | | | | March 31, 2024 | January 19, 2024 | Warrant exercise price | $ | 1.73 | | $ | 1.73 | | Warrant term (years) | 4.7 | 4.7 | Estimated closing price | $ | 1.00 | | $ | 1.25 | | Volatility | 56.20 | % | 55.00 | % | Risk-free rate | 4.23 | % | 4.06 | % | Dividend yield | 0.00 | % | 0.00 | % |
|