Annual report pursuant to Section 13 and 15(d)

Stock Warrants (Tables)

v3.24.0.1
Stock Warrants (Tables)
12 Months Ended
Dec. 31, 2023
Stock Warrants [Abstract]  
Schedule of quantitative information regarding level 3 fair value measurement

The following table presents the quantitative information regarding Level 3 fair value measurement of warrants:

 

 

December 31,

 

2022

 

Strike price(1)

$345.00

 

Expected Volatility

 

79

%

Expected Dividend - Class A Common Stock

 

 

Expected Term in Years

 

3.73

 

Risk Free Interest Rate

 

4.14

%

Warrant Value Per Share(1)

$18.60

 

 

(1)
Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.
Schedule of changes in fair value of the warrants

The following table presents the changes in the fair value of the Private Placement Warrants:

 

 

Private Placement

 

 

 

Warrants

 

Warrants payable balance, December 31, 2022

 

$

337

 

Mark-to-market adjustment

 

 

473

 

Warrants payable balance, December 31, 2023

 

$

810