Warrant Liabilities

9 Months Ended

Sep. 30, 2024

Warrant Liabilities.

Warrant Liabilities

Note 7 – Warrant Liabilities

The table below provides a summary of the outstanding Public and Private Placement Warrants at:

	September 30, 2024	December 31, 2023
Public Warrants	13,182,501	13,182,501
Private Placement Warrants	6,150,802	6,150,802

Each whole Warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share, subject to customary adjustments. Only whole Warrants are exercisable. The Warrants became exercisable on January 7, 2022 and will expire on December 8, 2026.

None of the Private Placement Warrants are redeemable by the Company so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees. The table below provides the fair value of warrant liabilities at:

		September 30, 2024		December 31, 2023
Fair value of warrant liabilities	$	2,434	$	4,227

The table below provides the Company’s gain recognized in connection with changes in fair value of warrant liabilities:

		Nine Months Ended September 30,
		2024		2023
Gain recognized associated with warrant liabilities	$	1,793	$	3,480

There have been no changes to our Public or Private Placement Warrants, including redemption terms disclosed in our 2023 Form 10-K.