Warrants (Tables)

6 Months Ended

Jun. 30, 2024

Warrants and Rights Note Disclosure [Abstract]

Schedule of Warrants Outstanding

The Company had the following warrants outstanding at June 30, 2024 and December 31, 2023:

	As of June 30, 2024		As of December 31, 2023
Liability Classified Warrants
Investor D Warrants		—		254,732
Private Placement Warrants		229,520		229,520
PIPE Investor Warrants		20,000		20,000
Subtotal		249,520		504,252
Equity Classified Warrants
Investor E Warrants		650,446		—
Placement Agent Warrants		21,682		—
Public Stockholder Warrants		422,000		422,000
Legacy Warrants		1,957		1,957
Subtotal		1,096,085		423,957
Grand Total		1,345,605		928,209

Schedule of Weighted-Average Strike Price and Time to Maturity for Each Warrant Tranche

The following tables provides the weighted-average strike price and time to maturity for each warrant tranche as of June 30, 2024 and December 31, 2023:

As of June 30, 2024	Warrant Share Equivalents		Weighted-Average Strike Price		Weighted-Average Time to Expiration
Liability Classified Warrants
Private Placement Warrants		229,520	$	287.50		3.32
PIPE Investor Warrants		20,000	$	287.50		3.32
Equity Classified Warrants
Investor E Warrants		650,446	$	20.76		4.93
Placement Agent Warrants		21,682	$	22.75		4.58
Public Stockholder Warrants		422,000	$	287.50		3.33
Legacy SeaStar Inc. Warrants		1,957	$	250.00		1.88
As of December 31, 2023	Warrant Share Equivalents		Weighted-Average Strike Price		Weighted-Average Time to Expiration
Liability Classified Warrants
Investor D Warrants		254,732	$	12.50		4.65
Private Placement Warrants		229,520	$	287.50		3.82
PIPE Investor Warrants		20,000	$	287.50		3.82
Equity Classified Warrants
Public Stockholder Warrants		422,000	$	287.50		3.82
Legacy SeaStar Inc. Warrants		1,957	$	250.00		2.38

Schedule of Warrant Activity

Below is the warrant activity for the six-months ended June 30, 2024:

	Investor D Warrants			Investor E Warrants			Placement Agent Warrants		Private Placement Warrants		PIPE Investor Warrants		Public Stockholders' Warrants		Legacy Warrants
Outstanding as of December 31, 2023		254,732			—			-		229,520		20,000		422,000		1,957
Issuance		42,217			831,895			21,682		—		—		—		—
Exercised		(170,625	)		(181,449	)		-		—		—		—		—
Forfeited / cancelled		—			—			-		—		—		—		—
Exchanged for Investor D Note		(126,324	)		—			—		—		—		—		—
Outstanding as of June 30, 2024		-			650,446			21,682		229,520		20,000		422,000		1,957