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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Arrangement, Cost by Plan
Stock-based compensation expense was as follows:
($ in millions)20242023
Restricted stock units$3.9 $12.0 
Performance Options0.7 
Total stock-based compensation$4.6 $12.0 
Schedule of Share-based Payment Arrangement, Nonvested Award, Cost
Unamortized stock-based compensation expense as of December 31, 2024 and its amortization period follows:
($ in millions)Unamortized
Expense for
Outstanding
Awards

Weighted-Average
Amortization
Period (in years)
Restricted stock units$2.3 1.6
Performance Options(1)
2.8 3.8
Total unrecognized stock-based compensation expense$5.1 2.8
(1) Forfeited as of January 13, 2025, due to the resignation of our CEO.
Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity
RSU activity, including PSUs, was as follows:
Number of
RSUs
Weighted
-Average Grant
Date Fair Value
Unvested at December 31, 2023394,161$14.82 
Granted743,4184.39 
Vested(258,635)15.27 
Forfeited(231,389)6.61 
Unvested at December 31, 2024647,555$4.94 
Schedule of Common Stock Warrants Assumptions
The assumptions used to estimate the fair value of grants with market performance hurdles, which were in the form of PSUs in 2024 and Performance Options in 2023 were as follows:
20242023
Exercise price$5.85
Stock price hurdles for vesting(1)
$12.00 to $22.00
$12.00 to $40.00
Fair value price per share
$3.91
$4.35
Volatility90.0%95.0%
Expected term (years)3.09.9
Risk-free interest rate4.4%4.1%
Dividend yield
(1) In order for the award to vest, the value of Class B common stock must reach and remain at or above the threshold price for a period of 30 days (in addition to recipient remaining an employee).
Schedule of Option Activity
The following is a summary of the Options (including Performance Options) activity:
Number of
Options
Weighted
Average
Exercise Price
Weighted-Average
Remaining
Contractual
Life (in years)
Aggregate
Intrinsic Value ($ in millions)
Outstanding at December 31, 2023825,801$5.92 9.8$— 
Options granted— — — 
Options exercised— — — 
Options forfeited or expired(476)81.60 — — 
Outstanding at December 31, 2024825,325$5.88 9.0$— 
Vested / exercisable at December 31, 2024325$81.60 4.6$— 
Unvested as of December 31, 2024825,000$5.85 9.0$—