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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Summary of Company's Outstanding Warrants

A summary of the Company's outstanding warrants at September 30, 2023 is as follows:

 

Description

 

Number of Warrants

 

 

Exercise price per share

 

 

Expiration Date

Private Placement Warrants

 

 

2,500,000

 

 

$

11.50

 

 

11/1/2027

Public Warrants

 

 

2,875,000

 

 

$

11.50

 

 

11/1/2027

Convertible note warrants

 

 

3,868,060

 

 

$

0.60

 

 

4/28/2028

Founder and director warrants

 

 

176,292

 

 

$

0.60

 

 

4/28/2028

Other Warrants

 

 

492,045

 

 

$

0.01

 

 

11/1/2023

Outstanding Warrants

 

 

9,911,397

 

 

 

 

 

 

Summary of Warrants Activity

The following table summarizes the warrant activity:

 

 

Number of Warrants

 

 

Weighted-average exercise price per share

 

 

Weighted average remaining contractual term (in years)

 

Outstanding at December 31, 2022

 

 

5,867,045

 

 

$

10.54

 

 

 

3.75

 

Issued

 

 

5,752,685

 

 

$

0.60

 

 

 

4.58

 

Expired

 

 

 

 

$

 

 

 

 

Exercised

 

 

(1,708,333

)

 

$

0.60

 

 

 

 

Outstanding at September 30, 2023

 

 

9,911,397

 

 

$

6.48

 

 

 

4.09

 

In connection with the April 2023 Convertible Notes,