COMMON STOCK WARRANT LIABILITY (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Schedule of Fair Value of Private Placement Warrants and Level 3 Fair Value Inputs

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:

	June 30, 2025		December 31, 2024
Fair value of Private Placement Warrants per share	$	0.03	$	0.44

	June 30, 2025		December 31, 2024
Volatility	80.0	%	95.0	%
Expected term (in years)	1.1		1.6
Risk-free rate	3.9	%	4.2	%
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:

	June 30, 2025						December 31, 2024
	Series A Derivative Liability			Series B Derivative Liability			Series A Derivative Liability			Series B Derivative Liability
Volatility	40.0		%	40.0		%	40.0		%	40.0		%
Credit spread	24.5		%	24.5		%	17.9		%	17.9		%
Stock price	$	2.11		$	2.11		$	3.02		$	3.02
Term (in years)	3.7			4.1			4.2			4.6
Risk-free rate	3.7		%	3.7		%	4.3		%	4.4		%