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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Stock-Based Compensation [Abstract]  
Schedule of Valuation of Performance-Based Equity Bonus Awards

The per unit fair value and derived service period for each Tranche of Performance Based Executive Shares is included in the Valuation of Performance-based Equity Bonus Awards as of March 13, 2024, as follows:

 

3/13/2024

Stock price

 

$

6.97

 

Tranche 1 hurdle price

 

$

7.50

 

Tranche 2 hurdle price

 

$

12.50

 

Tranche 3 hurdle price

 

$

15.00

 

Risk-free rate

 

 

4.28

%

Volatility

 

 

55.00

%

Schedule of Valuation of Performance-Based Equity Bonus Awards

The per unit fair value and derived service period for each Tranche of Performance Based Executive Shares is included in the Valuation of Performance-based Equity Bonus Awards as of March 13, 2024, as follows:

Fair Value Summary

 

Tranche 1

 

Tranche 2

 

Tranche 3

Tranche per unit fair value

 

$

5.96

 

$

4.53

 

$

3.82

Stock price on valuation date

 

$

6.97

 

$

6.97

 

$

6.97

Derived service period

 

 

0.35 years

 

 

1.19 years

 

 

1.47 years