Subsequent Events

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Subsequent Event

15. Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the Unaudited Condensed Consolidated Financial Statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the Unaudited Condensed Consolidated Financial Statements.

Subsequent SPA Activity

Subsequent to September 30, 2024, the Company received additional funding through additional Junior Secured SPA Notes totaling $9.3 million in aggregate principal amount. In addition, $24.5 million of principal and $3.6 million of interest of SPA Notes was converted into 13,537,870 shares of Class A Common Stock.

Filing of Registration Statement on Form S-1

Subsequent to September 30, 2024, the Company filed a Registration Statement on Form S-1 with the SEC on November 1, 2024, to register shares of the Company’s Class A Common Stock that are contingently issuable under the terms of the Junior Secured SPA Notes (see Note 7, Notes Payable).