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COMMON STOCK WARRANT LIABILITY (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Valuation Assumptions
The fair value of the Private Placement Warrants that are not subject to the contingent forfeiture provisions was estimated using a Black-Scholes option pricing model, and was as follows:

December 31, 2024December 31, 2023
Fair value of Private Placement Warrants per share
$0.44 $1.21 
The level 3 fair value inputs used in the Black-Scholes option pricing models were as follows:
December 31, 2024December 31, 2023
Volatility95.0 %85.0 %
Expected term (in years)1.62.6
Risk-free rate4.2 %4.1 %
Dividend yield— %— %
The level 3 fair value inputs used in the valuation of the derivative liabilities associated with the Redeemable Convertible Preferred Stock were as follows:
December 31, 2024
Series A
Derivative Liability
Series B
Derivative Liability
Volatility
40.0 %40.0 %
Credit spread
17.9 %17.9 %
Stock price
$3.02 $3.02 
Term (in years)
4.24.6
Risk-free rate
4.3 %4.4 %