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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Senior Convertible Debentures

The significant unobservable inputs used in the Level 3 fair value measurement of the senior convertible debentures as of May 3, 2023 (date of the Merger) and their values are as follows:

 

   May 3, 2023 
Volatility   75%
Yield   20.00%
Schedule of Fair Value For Level 3 Liabilities

The table below provides a summary of changes in the fair value of the Company’s Level 3 senior convertible debentures for the year ended December 31, 2023. The debentures were converted on October 11, 2023 and fair value at such date was estimated using the Company’s common stock price, which is a Level 1 valuation. There were no Level 3 liabilities in the period from June 7, 2022 (date of inception) through December 31, 2022.

 

  

Year Ended

December 31, 2023

 
Balance at beginning of year  $ 
Senior convertible debentures assumed in the Merger   1,981,000 
Losses reported in earnings   3,790,428 
Conversion to common stock   (5,771,428)
Balance at December 31, 2023  $ 
Schedule of Valuation of Warrant Liabilities

The following table summarizes the Company’s assumptions used in the valuation of warrant liabilities for the year ended December 31, 2023. There were no warrant liabilities at December 31, 2023 or 2022.

 

Stock price  $6.71 14.71 
Option exercise price  $6.00 
Expected term (years)   4.56 5.00 
Volatility   75.0%
Discount rate   4.27% - 4.58%
Schedule of Changes in Fair Value in Warrant Liabilities

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liabilities for the year ended December 31, 2023. There were no Level 3 liabilities in the period from June 7, 2022 (date of inception) through December 31, 2022.

 

   Year Ended
December 31, 2023
 
Balance at beginning of period  $ 
Reclassification to warrant liabilities   25,883,095 
Change in estimate fair value   39,797,994 
Reclassification to equity   (65,681,089)
Balance at December 31, 2023  $