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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Measurements |
Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial Paper | ​ | $ | 81,021 | ​ | $ | — | ​ | $ | — | ​ | $ | 81,021
Corporate Bonds | ​ | $ | 203,592 | ​ | $ | — | ​ | $ | — | ​ | $ | 203,592
Government Bonds | ​ | $ | 43,582 | ​ | $ | — | ​ | $ | — | ​ | $ | 43,582
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public Warrants | ​ | $ | 2,241 | ​ | $ | — | ​ | $ | — | ​ | $ | 2,241
Private Placement Warrants | ​ | $ | — | ​ | $ | 1,784 | ​ | $ | — | ​ | $ | 1,784
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial Paper | ​ | $ | 84,909 | ​ | $ | — | ​ | $ | — | ​ | $ | 84,909
Corporate Bonds | ​ | $ | 239,473 | ​ | $ | — | ​ | $ | — | ​ | $ | 239,473
Government Bonds | ​ | $ | 56,689 | ​ | $ | — | ​ | $ | — | ​ | $ | 56,689
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public Warrants | ​ | $ | 2,505 | ​ | $ | — | ​ | $ | — | ​ | $ | 2,505
Private Placement Warrants | ​ | $ | — | ​ | $ | 1,722 | ​ | $ | — | ​ | $ | 1,722
Schedule of Level 2 inputs used in the recurring valuation of the Private Placement Warrants | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2024 |  | December 31, 2023 |
Exercise price | ​ | $ | 11.50 | ​ | $ | 11.50 | ​
Stock price | ​ | $ | 1.65 | ​ | $ | 1.45 | ​
Volatility | ​ |  | 97.9 | % |  | 95.0 | %
Term (in years) | ​ |  | 2.44 | ​ |  | 2.94 | ​
Risk-free rate | ​ |  | 4.52 | % |  | 3.94 | %
Schedule of reconciliation of warrants measured at fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Public Warrants | ​ | Private Placement Warrants
​ |  | Level 1 Fair Value |  | Level 2 Fair Value
December 31, 2023 | ​ | $ | 0.19 | ​ | $ | 0.28
Change in fair value | ​ | $ | 0.01 | ​ | $ | 0.06
March 31, 2024 | ​ | $ | 0.20 | ​ | $ | 0.34
Change in fair value | ​ | $ | (0.03) | ​ | $ | (0.05)
June 30, 2024 | ​ | $ | 0.17 | ​ | $ | 0.29
Schedule of fair value of warrant liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Three Months Change in | ​ | ​
Warrant Class |  | Level |  | Warrants |  | March 31, 2024 |  | Fair Value |  | June 30, 2024
Public Warrants |  | 1 |  | 13,182,501 | ​ | $ | 2,637 | ​ | $ | (396) | ​ | $ | 2,241
Private Placement Warrants |  | 2 |  | 6,150,802 | ​ | $ | 2,091 | ​ | $ | (307) | ​ | $ | 1,784
Total |  |  |  | 19,333,303 | ​ | $ | 4,728 | ​ | $ | (703) | ​ | $ | 4,025
​ The following tables provides a reconciliation of the change in fair value for the Public Warrants and Private Placement Warrants for the six months ended June 30, 2024:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Six Months Change in | ​ | ​
Warrant Class |  | Level |  | Warrants |  | December 31, 2023 |  | Fair Value |  | June 30, 2024
Public Warrants |  | 1 |  | 13,182,501 | ​ | $ | 2,505 | ​ | $ | (264) | ​ | $ | 2,241
Private Placement Warrants |  | 2 |  | 6,150,802 | ​ | $ | 1,722 | ​ | $ | 62 | ​ | $ | 1,784
Total |  |  |  | 19,333,303 | ​ | $ | 4,227 | ​ | $ | (202) | ​ | $ | 4,025
​

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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