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Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Authorized, Issued and Outstanding Stock
The number of authorized, issued and outstanding stock, were as follows:
March 31, 2025
Authorized
Shares
Issued Shares
Preferred Stock10,000,000 — 
Class A Common Stock124,815,625 86,786,748 
Class B Common Stock4,429,688 6,667 
139,245,313 86,793,415 
December 31, 2024
Authorized
Shares
Issued Shares
Preferred Stock10,000,000 
Class A Common Stock99,815,625 65,919,127 
Class B Common Stock4,429,688 6,667 
114,245,313 65,925,795 
Schedule of Stockholders' Equity Note, Warrants or Rights
The number of outstanding warrants to purchase the Company’s Class A Common Stock as of March 31, 2025 were as follows:
Number of WarrantsExercise PriceExpiration Date
Ares Warrants
5,776,657 $1.16August 5, 2027
SPA Warrants
15,238 $1.16Various through November 1, 2031
Junior SPA Warrants5,931,638 $1.16Various through September 30, 2029
2024 Unsecured SPA Warrants25,874,953 $1.39Various through January 21, 2030
2025 March Unsecured SPA Warrants
3,438,357 $1.55April 4, 2030
Public Warrants2,453 $110,400.00July 21, 2026
Private Warrants12 $110,400.00July 21, 2026
41,039,308
The number of outstanding warrants to purchase the Company’s Class A Common Stock as of December 31, 2024 were as follows:
Number of WarrantsExercise PriceExpiration Date
Ares warrants5,776,657 $1.16 August 5, 2027
SPA Warrants15,238$1.16 Various through November 1, 2031
Junior SPA Warrants5,931,638 $1.16 Various through September 30, 2029
2024 Unsecured SPA Warrants10,788,746 $1.39 December 31, 2029
Public Warrants2,453$110,400.00 July 21, 2026
Private Warrants12 $110,400.00 July 21, 2026
    22,514,744