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Fair Value Measurements and Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities at Fair Value

The following tables provide the fair value measurement hierarchy of our assets and liabilities:

As of March 31, 2025						Fair value measurement using
Financial instruments						Quoted prices in active markets (Level 1)						Significant observable inputs (Level 2)						Significant unobservable inputs (Level 3)
Assets
OS Warrants						$	—					$	—					$	1,053
Liabilities
$8.63 Warrants liability						$	3,719					$	—					$	—
PIPE Warrant liability						—						—						602
Liberty Warrants and Liberty Advisory Fee Warrant liability						—						—						10,581
Total Warrant Liabilities						$	3,719					$	—					$	11,183
Sponsor Earnout liability						$	—					$	—					$	1,992
Secured Convertible Notes						$	—					$	—					$	96,590

As of December 31, 2024						Fair value measurement using
Financial instruments						Quoted prices in active markets (Level 1)						Significant observable inputs (Level 2)						Significant unobservable inputs (Level 3)
Assets
OS Warrants						$	—					$	—					$	322
Liabilities
$8.63 Warrants liability						$	3,028					$	—					$	—
PIPE Warrant liability						—						—						471
Liberty Warrants and Liberty Advisory Fee Warrant liability						—						—						8,012
Total Warrant Liabilities						$	3,028					$	—					$	8,483
Sponsor Earnout Liability						$	—					$	—					$	1,501
Secured Convertible Notes						$	—					$	—					$	79,070

Summary of Changes in the Fair Value of Level 3 Liabilities

Changes in the fair value of Level 3 assets during the three months ended March 31, 2025 were as follows:

						OS warrants
At December 31, 2024						$	322
Remeasurement gain/(loss)(1)						711
Foreign currency translation adjustment						20
At March 31, 2025						$	1,053

(1) Recognized in the Condensed Consolidated Statements of Operations and Comprehensive Loss as change in fair value of financial instruments for the three months ended March 31, 2025.

Changes in the fair value of Level 3 liabilities during the three months ended March 31, 2025 and 2024 were as follows:

			Liberty Warrants and Liberty Advisory Fee Warrant						PIPE Warrant						Sponsor Earnout						Secured Convertible Notes
At December 31, 2023			$	2,017					$	97					$	419					$	—
Remeasurement (gain)/loss(1)			452						33						80						—
At March 31, 2024			$	2,469					$	130					$	499					—
At December 31, 2024			$	8,012					$	471					$	1,501					$	79,070
Issues			—						—						—						—
Interest payments			—						—						—						(1,670)
Remeasurement (gain)/loss(1)			2,569						131						491						19,190
At March 31, 2025			$	10,581					$	602					$	1,992					$	96,590

(1) Recognized in Change in fair value of the Condensed Consolidated Statements of Operations and Comprehensive Loss as change in fair value of financial instruments for the three months ended March 31, 2025 and 2024, respectively.

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- References

No definition available.

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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

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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

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