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Commitments and Contingencies | 9 Months Ended
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Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies During the nine months ended September 30, 2024, the Company issued the Rithm Warrants to purchase 6.5 million shares with an exercise price of $5.36 per share with a fair value of $2.7 million. Also, during the nine months ended, the Company exchanged its 2020 Warrants for shares of its common stock as part of the Strategic Transaction. The following table sets forth the details of the Company’s warrant liabilities ($ in thousands):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance |  | $ | — |  |  | $ | 15,614 |  |  | $ | 16,644 |  |  | $ | 12,153 |
Issuance of Rithm Warrants |  | — |  |  | — |  |  | 2,734 |  |  | — |
Fair value adjustment of 2020 Warrants |  | — |  |  | 540 |  |  | 2,033 |  |  | 4,001 |
Fair value adjustment of Rithm Warrants |  | — |  |  | — |  |  | (1,883) |  |  | — |
Redemption of 2020 Warrants |  | — |  |  | — |  |  | (18,677) |  |  | — |
Reclassification of Rithm Warrants to equity |  | — |  |  | — |  |  | (851) |  |  | — |
Ending balance |  | $ | — |  |  | $ | 16,154 |  |  | $ | — |  |  | $ | 16,154 |
Litigation, Claims and Assessments From time to time, the Company may be involved in various claims and legal actions arising in the ordinary course of business. As of September 30, 2024, the Company was not a party to, and its properties were not subject to any pending or threatened legal proceedings that individually or in the aggregate, are expected to have a material impact on its financial condition, results of operations or cash flows.

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