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Fair value measurement (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2024 and 2023, and indicates the fair value hierarchy of the valuation.

			Fair Value Measurements as of December 31, 2024
			Level 1						Level 2						Level 3						Total
Contingent earnout liability			$	—					$	—					$	28,213,229					$	28,213,229
Derivative private placement warrant liability			—						—						2,907,330						2,907,330
Derivative public warrant liability			7,762,500						—						—						7,762,500
Derivative stock option liability			—						—						275,150						275,150
Total derivative liability			7,762,500						—						31,395,709						39,158,209
Contingent consideration1			—						—						1,225,000						1,225,000
Total fair value			$	7,762,500					$	—					$	32,620,709					$	40,383,209

			Fair Value Measurements as of December 31, 2023
			Level 1						Level 2						Level 3						Total
Contingent earnout liability			$	—					$	—					$	115,566,762					$	115,566,762
Derivative private placement warrant liability			—						—						3,292,996						3,292,996
Derivative public warrant liability			8,336,925						—						—						8,336,925
Derivative stock option liability			—						—						414,260						414,260
Total derivative liability			8,336,925						—						119,274,018						127,610,943
Contingent consideration1			—						—						1,888,000						1,888,000
Total fair value			$	8,336,925					$	—					$	121,162,018					$	129,498,943

__________________

1 Contingent consideration is recorded within Other accrued expenses and liabilities on the Consolidated Balance Sheets.

Roll forward of Level 3 Liabilities Measured at a Fair Value on a Recurring Basis

The following table presents a roll forward of the Level 3 liabilities measured at fair value on a recurring basis:

			Contingent earnout liability						Derivative private placement warrant liability						Derivative stock option liability						Contingent consideration
Liability at January 1, 2024			$	115,566,762					$	3,292,996					$	414,260					$	1,888,000
Recognition			—						—						211,370						—
Forfeitures			—						—						(8,368)						—
Exercise of liability awards			—						—						(2,756)						—
Change in fair value			(87,353,533)						(385,666)						(339,356)						(663,000)
Liability at December 31, 2024			$	28,213,229					$	2,907,330					$	275,150					$	1,225,000

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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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