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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Components of Third-Party Debt

The components of the Company’s third-party debt consisted of the following (in thousands):

 

 

December 31,

 

 

2024

 

 

2023

 

Fortress Term Loan

 

$

 

 

$

43,100

 

RTW Convertible Notes

 

 

50,069

 

 

 

 

Total principal amounts of debt

 

 

50,069

 

 

 

43,100

 

Change in fair value

 

 

(14,359

)

 

 

 

Plus: Accretion

 

 

 

 

 

148

 

Less: current portion of long-term debt, net of discounts

 

 

 

 

 

(38,643

)

Less: unamortized deferred financing costs and debt discounts

 

 

 

 

 

(4,605

)

Long-term debt, net of current portion and discounts

 

$

35,710

 

 

$