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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Measurements [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value

The table below presents the Company’s liabilities measured at fair value on a recurring basis aggregated by the level in the fair value hierarchy as of December 31, 2024 (in thousands):

 

   Level 1   Level 2   Level 3   Total 
Liabilities:                
Public placement warrant liability  $
—
   $
—
   $267   $267 
Related party private placement warrant liability   
—
    
—
    133    133 
Long-term debt, non-current  $
—
   $13,186   $
—
   $13,186 
Total liabilities  $
—
   $13,186   $400   $13,586 

 

The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis aggregated by the level in the fair value hierarchy as of December 31, 2023 (in thousands):

 

   Level 1   Level 2   Level 3   Total 
Liabilities:                
Convertible notes, current  $
—
   $
—
   $15,604   $15,604 
Related party convertible notes, current   
—
    
—
    2,133    2,133 
Shared-based termination liability   
—
    
—
    6,349    6,349 
Convertible preferred stock warrant liability   
—
    
—
    203    203 
Long-term debt, non-current   
—
   $13,340   $
—
   $13,340 
Total liabilities  $
—
   $13,340   $24,289   $37,629 
Schedule of Changes in Fair Value

The change in the fair value of the Level 3 liabilities during the years ended December 31, 2024 and 2023 was as follows (in thousands):

 

   Public placement warrant liability 
Balance at January 1, 2024  $
—
 
Warrants assumed from the Merger   25,174 
Change in estimated fair value   (24,907)
Balance at December 31, 2024  $267 
   Related party private placement warrant liability 
Balance at January 1, 2024  $
—
 
Warrants assumed from the Merger   13,134 
Change in estimated fair value   (13,001)
Balance at December 31, 2024  $133 
   Convertible
notes, current		 
Balance at January 1, 2023  $
—
 
Note issuance during the period   15,323 
Change in estimated fair value   281 
Balance at January 1, 2024  $15,604 
Note issuance during the period   17,559 
Loss on extinguishment   22,183 
Change in estimated fair value   31,664 
Conversion into common stock  $(87,010)
Balance at December 31, 2024  $
—
 
   Related party
convertible
notes, current		 
Balance at January 1, 2023  $
—
 
Note issuance during the period   2,018 
Change in estimated fair value   115 
Balance at January 1, 2024  $2,133 
Note issuance during the period   5,084 
Loss on extinguishment   4,176 
Change in estimated fair value   3,752 
Conversion into common stock   (15,145)
Balance at December 31, 2024  $
—
 
   Share-based
termination
liability		 
Balance at January 1, 2023  $
      —
 
Addition during the period   6,053 
Change in estimated fair value   296 
Balance at January 1, 2024  $6,349 
Change in estimated fair value   979 
Liability settlement due to issuance of common stock  $(7,328)
Balance at December 31, 2024  $
         —
 
   Convertible
preferred
stock
warrants
liability		 
Balance at January 1, 2023  $330 
Change in estimated fair value   (127)
Balance at January 1, 2024  $203 
Change in estimated fair value   (6)
Conversion into Private Warrants   (197)
Balance at December 31, 2024   
—