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Common Stock Warrants (Tables)
6 Months Ended
Jun. 30, 2023
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrants Outstanding and Exercisable

The following represents a summary of the warrants outstanding and exercisable at June 30, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares Underlying Warrants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description

 

Issue Date

 

Classification

 

Exercise Price

 

 

Expiration Date

 

Outstanding Shares

 

 

Exercisable Shares

 

2020 Private Placement Warrants

 

Nov 17, 2020

 

Liability

 

$

11.50

 

 

May 19, 2027

 

 

1,719,212

 

 

 

1,719,212

 

Public Warrants

 

Nov 17, 2020

 

Equity

 

$

11.50

 

 

May 19, 2027

 

 

9,322,120

 

 

 

9,322,120

 

January 2023 PIPE Warrants

 

Jan 4, 2023

 

Equity

 

$

1.23

 

 

Jan 4, 2028

 

 

4,812,484

 

 

 

4,812,484

 

 

 

 

 

 

 

 

 

 

 

 

15,853,816

 

 

 

15,853,816

 

Summarizes Warrant Activity

The following table summarizes warrant activity for the six months ended June 30, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Common Warrants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (Years)

 

 

Aggregate Intrinsic Value

 

Outstanding as of December 31, 2022

 

 

11,041,332

 

 

$

11.50

 

 

 

4.38

 

 

$

 

Warrants issued

 

 

4,812,484

 

 

$

1.23

 

 

 

4.51

 

 

 

 

Outstanding as of June 30, 2023

 

 

15,853,816

 

 

$

8.38

 

 

 

4.08

 

 

$