Annual report [Section 13 and 15(d), not S-K Item 405]

WARRANTS ON COMMON STOCK (Tables)

v3.25.1
WARRANTS ON COMMON STOCK (Tables)
 12 Months Ended
Dec. 31, 2024
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrants and the Effect of the Reverse Stock Split
Warrant Issue Pre- or Post- Reverse Stock Split Number of Warrants Exercise Price Shares Issuable
Cost to Holder(s) (1)
Penny Warrants (2)
Pre-reverse stock split 12,024,711  $ 0.01  12,024,711  $ 120 
Post-reverse stock split 12,024,711  $ 0.05  2,404,943  $ 120 
Public Warrants Pre-reverse stock split 8,638,966  $ 11.50  8,638,966  $ 99,348 
Post-reverse stock split 8,638,966  $ 57.50  1,727,794  $ 99,348 
Private Placement Warrants Pre-reverse stock split 272,779  $ 11.50  272,779  $ 3,137 
Post-reverse stock split 272,779  $ 57.50  54,556  $ 3,137 

(1) In thousands.

(2) Cost to Holder(s) in the case of the Penny Warrants is stated assuming cash paid for exercise. A cashless exercise option is also available to the Holder(s), which would result in fewer shares issuable.