The following tables summarize the Company’s 5-Year Private Warrants(1) (in thousands, except warrant amounts):


Balance at			Fair Value			Transfers to			Balance at
December 31, 2023			Adjustments(1)			5-Year Public Warrants			September 30, 2024
Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
865,422	$	26	—	$	(11)	(194,822)	$	(5)	670,600	$	10


Balance at			Fair Value			Transfers to			Balance at
December 31, 2022			Adjustments(1)			5-Year Public Warrants			September 30, 2023
Warrants(2)	Amount		Warrants(2)	Amount		Warrants(2)	Amount		Warrants(2)	Amount
9,126,515	$	786	—	$	(182)	(8,159,424)	$	(583)	967,091	$	21

(1)Liability classified warrants are subject to fair value remeasurement at each balance sheet date in accordance with ASC Topic 815-40, Contracts on Entity’s Own Equity. As a result, fair value adjustments related exclusively to the Company’s liability classified warrants. See Note 10 – Fair Value Measurements for additional information on the fair value of the Company’s liability classified warrants.

(2)On November 14, 2023, the Company effectuated a 1-for-10 reverse stock split, after which 10 warrants were required to purchase one share of common stock.

The following table summarizes additional information on the Company’s 5-Year Private Warrants as of September 30, 2024:

Exercise Price

Exercise Period

Expiration Date

Warrants Outstanding

11.50

5 years

May 29, 2025

670,600

The following tables summarize the Company’s outstanding equity classified warrants included in Additional paid-in capital:


	Balance at December 31, 2023			Transfers from 5-Year Private Warrants				Balance at September 30, 2024

	Warrants	Amount			Warrants	Amount			Warrants	Amount
5-Year Public Warrants	33,424,476	$	29,539		194,822	$	5		33,619,298	$	29,544
Public Offering Warrants	9,583,334	12,938			—	—			9,583,334	12,938
Private Placement Offering Warrants	46,816,480	25,604			—	—			46,816,480	25,604
Total	89,824,290	$	68,081		194,822	$	5		90,019,112	$	68,086


	Balance at December 31, 2022			Transfers from 5-Year Private Warrants			Balance at September 30, 2023
	Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Public Warrants	25,163,383	$	28,954	8,159,424	$	583	33,322,807	$	29,537
Public Offering Warrants	9,583,334	12,938		—	—		9,583,334	12,938
Private Placement Offering Warrants	46,816,480	25,604		—	—		46,816,480	25,604
Total	81,563,197	$	67,496	8,159,424	$	583	89,722,621	$	68,079

The following table summarizes additional information on the Company’s outstanding warrants as of September 30, 2024:


	Exercise price		Exercise period	Expiration date	Warrants outstanding
5-Year Public Warrants	$	11.50	5 years	May 29, 2025	33,619,298
Public Offering Warrants	$	10.50	5 years	October 6, 2025	9,583,334
Private Placement Offering Warrants	$	1.068	5 years	March 15, 2027	46,816,480