FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Liabilities Measured on a Recurring Basis

The following tables set forth the Company’s liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy for the periods ended December 31, 2024 and 2023 (in thousands):

	Fair Value Measurements Using:
December 31, 2024	Level 1		Level 2		Level 3		Total
Liabilities:
Founders advisory fees payable - related party	$	52,098	$	—	$	194,662	$	246,760
December 31, 2023
Liabilities:
Founders advisory fees payable - related party	$	23,972	$	—	$	35,647	$	59,619

Schedule Reconciliation of Level 3 Liabilities Measured on a Recurring Basis

A roll forward of Level 3 liabilities measured at fair value on a recurring basis is as follows (in thousands):

	Founders Advisory Fees Payable - Related Party		LaderaTech Contingent Earn-out
Balance, December 31, 2021	$	251,513	$	19,979
Settlements	(40,776)		—
Reclassification from liability to equity	(10,495)		—
Founders advisory fees - related party, change in fair value	(81,752)		—
Gain on contingent earn-out, change in fair value	—		(12,706)
Balance, December 31, 2022	118,490		7,273
Founders advisory fees - related party, change in fair value	(82,843)		—
Gain on contingent earn-out, change in fair value	—		(7,273)
Balance, December 31, 2023	35,647		—
Founders advisory fees - related party, change in fair value	159,015		—
Balance, December 31, 2024	$	194,662	$	—