Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured on Recurring Basis

The following tables present financial liabilities remeasured on a recurring basis by level within the fair value hierarchy:

	March 31, 2024
(in thousands)	Level 1		Level 2		Level 3
Liabilities:
Warrant liabilities1	$	—	$	—	$	103
Notes payable1	—		—		60,432

1 Includes both related party and non-related party balances for the Company’s notes payable and warrant liabilities.

	December 31, 2023
(in thousands)	Level 1		Level 2		Level 3
Liabilities:
Warrant liabilities	$	—	$	—	$	306
Notes payable	—		—		86,712

Summary of Activity for Level 3 Fair Value Measurements

The following table summarizes the activity of Level 3 fair value measurements:

(in thousands)	Warrant Liabilities1		Notes Payable1
Balance as of December 31, 2023	$	306	$	86,712
Additions	1		1,457
Exercises	—		—
Change in fair value measurements	(204)		(28,113)
Conversions of notes to Class A Common Stock	—		(9,118)
Balance as of March 31, 2024	$	103	$	50,938

1 Includes both related party and non-related party balances for the Company’s notes payable and warrant liabilities.