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Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Authorized, Issued and Outstanding Stock
The number of authorized, issued and outstanding stock, were as follows:
September 30, 2025
Authorized
Shares
Issued Shares
Preferred Stock5,931,000 — 
Series B Preferred Stock12,000,000 10,737,017 
Class A Common Stock228,041,297 161,305,526 
Class B Common Stock4,429,688 6,667 
250,401,985 172,049,210 
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 65,925,794 
Schedule of Stockholders' Equity Note, Warrants or Rights
The number of outstanding warrants to purchase the Company’s Class A Common Stock as of September 30, 2025 were as follows:
Number of WarrantsExercise PriceExpiration Date
Ares Warrants
5,776,657 $1.16August 5, 2027
SPA Warrants
15,628 
(a) $1.16 or (b) $1.68
Various through August 22, 2032
Junior SPA Warrants2,540,554 $1.16Various through September 30, 2029
2024 Unsecured SPA Warrants17,114,693 $1.22Various through January 21, 2030
2025 March Unsecured SPA Warrants
31,586,687 
(a) $1.39 or (b) $1.46
Various through August 19, 2030
2025 July Unsecured SPA Warrants7,479,375 $2.02August 22, 2030
Public Warrants2,453 $110,400.00July 21, 2026
Private Warrants12 $110,400.00July 21, 2026
64,516,059
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 
The number of outstanding warrants to purchase the AIXCs Class A Common Stock as of September 30, 2025 were as follows:
Number of WarrantsExercise PriceExpiration Date
Preferred Warrants - AIXC160 $1,270.25Various through 2027
Other Warrants - AIXC72,004 
(a) $5.82 or (b) $6.50
Various in 2028-2029
2024 Pre-funded Warrants - AIXC51,199 $0.05Indefinite
2024 Placement Agent Warrants - AIXC16,019 $7.80September 2029
2025 Placement Agent Warrants - AIXC1,087,266 $2.47September 2030
1,226,648