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REDEEMABLE CONVERTIBLE PREFERRED STOCK (Tables)
 12 Months Ended
Dec. 31, 2024
Temporary Equity Disclosure [Abstract]  
Schedule of Significant Inputs Used in the Valuation of the Derivative Liability
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 %