Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Hierarchy
In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis and the related activity for periods presented:
Fair Value as of December 31, 2023
Carrying Value Level 1 Level 2 Level 3
Financial liabilities:
Warrant liability - Public Warrants $ 451,088  $ 451,088  $ $
Warrant liability - Private Warrants 380,531  380,531 
Warrant liability - SPA Warrants 17,544,561  17,544,561 
Total $ 18,376,180  $ 451,088  $ $ 17,925,092 
Schedule of Changes in Fair Value of Financial Liabilities
The following table sets forth a summary of the changes in fair value of the Company’s financial liabilities:
Warrant
Liability
Balance, December 31, 2022 $ 32,688,341 
Loss on exchange of warrants 590,266 
Change in fair value of warrant liabilities (14,902,427)
Balance, December 31, 2023 $ 18,376,180