XML 53 R36.htm IDEA: XBRL DOCUMENT v3.23.1
COMMON STOCK AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2022
Schedule of Summary of Warrant Activity

As of December 31, 2022, the following Warrants were outstanding:

 

 

 

 

 

 

Warrant Type

 

Exercise Price

 

Shares

 Public Warrants

 

$11.50

 

9,583,333

 Private Placement Warrants

 

$11.50

 

5,166,667

Total Warrants Outstanding

 

 

 

14,750,000

Schedule of Stock Compensation, Using the Black-scholes Option Pricing Model The fair values of the FedEx Warrant were determined as of the grant date in accordance with ASC 718, Compensation – Stock Compensation, using the Black-Scholes option pricing model and the following assumptions:

 

 

 

July 29,

 

 

 

2022

 

Dividend yield

 

 

 

Expected volatility

 

 

52.0

%

Risk-free interest rate

 

2.7%

 

Expected term

 

10 Years

 

FedEx Warrants [Member]  
Schedule of Summary of Warrant Activity

The following table summarizes the FedEx Warrant activity for the twelve months ended December 31, 2022:

 

 

 

Warrant Shares

 

Outstanding at December 31, 2021

 

 

 

Granted

 

 

25,250,616

 

Vested

 

 

(1,262,531

)

Outstanding and unvested December 31, 2022

 

 

23,988,085