Subsequent Events	6 Months Ended
Jun. 30, 2024
Subsequent Events
Subsequent Events	Note 18 – Subsequent Events On June 28, 2024 and July 12, 2024, the Company entered into subscription agreements, warrant agreements, and warrant exchange agreements with certain investors relating to a private placement (the “Private Placement”) for (i) the issuance and sale of 23,900,000 newly issued shares of common stock of the Company, par value $0.001 per share (“Common Stock”), for cash at a purchase price of $4.00 per share, (ii) the issuance of 3,318,588 shares of Common Stock of the Company in exchange for the surrender and cancellation of certain warrants (3,296,470 Public Warrants and 5,000,000 Market Warrants, refer to Note 7) to acquire an aggregate of 8,296,470 shares of common stock of the Company, and (iii) the granting of certain Penny Warrants to acquire an aggregate of 2,500,000 shares of common stock of the Company to certain investors. The issued warrants have an exercise price of $0.01 and vest upon receipt of the first type certification for the eVTOL in compliance with certain airworthiness authorities. The Private Placement is subject to customary closing conditions, which have or will occur on various dates during the third quarter 2024. The Company will receive aggregate gross proceeds from the Private Placement of approximately $95.6 million, or $93.5 million net of issuance costs. Of the gross proceeds, $65.6 million was received in July 2024. The remaining $30 million is expected to be received from EAH during the third quarter 2024. The Company intends to use the net proceeds for working capital and general corporate purposes. On August 1, 2024, the Loan Agreement between EAH and the Company, as described in Note 4, reached maturity. The Company received the principal plus interest of approximately $85.9 million.

Subsequent Events

6 Months Ended

Jun. 30, 2024

On June 28, 2024 and July 12, 2024, the Company entered into subscription agreements, warrant agreements, and warrant exchange agreements with certain investors relating to a private placement (the “Private Placement”) for (i) the issuance and sale of 23,900,000 newly issued shares of common stock of the Company, par value $0.001 per share (“Common Stock”), for cash at a purchase price of $4.00 per share, (ii) the issuance of 3,318,588 shares of Common Stock of the Company in exchange for the surrender and cancellation of certain warrants (3,296,470 Public Warrants and 5,000,000 Market Warrants, refer to Note 7) to acquire an aggregate of 8,296,470 shares of common stock of the Company, and (iii) the granting of certain Penny Warrants to acquire an aggregate of 2,500,000 shares of common stock of the Company to certain investors. The issued warrants have an exercise price of $0.01 and vest upon receipt of the first type certification for the eVTOL in compliance with certain airworthiness authorities. The Private Placement is subject to customary closing conditions, which have or will occur on various dates during the third quarter 2024. The Company will receive aggregate gross proceeds from the Private Placement of approximately $95.6 million, or $93.5 million net of issuance costs. Of the gross proceeds, $65.6 million was received in July 2024. The remaining $30 million is expected to be received from EAH during the third quarter 2024. The Company intends to use the net proceeds for working capital and general corporate purposes.

On August 1, 2024, the Loan Agreement between EAH and the Company, as described in Note 4, reached maturity. The Company received the principal plus interest of approximately $85.9 million.