v3.25.1
Common Stock and Stockholders’ Equity
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Common Stock and Stockholders’ Equity
10. Common Stock and Stockholders’ Equity

Common Stock Warrants

On July 28, 2022, the Company granted warrants to purchase up to 15,743,174 shares of Series B common stock in connection with the collaboration agreement and strategic partnership with Shopify as compensation for marketing services.

The following table summarizes the warrants activity during the three months ended March 31, 2025:
Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Life (years)
Warrants outstanding at January 1, 2025
3,788,204 $0.01 7.58
Granted— — — 
Exercised(344,382)0.01 7.43
Cancelled— — — 
Warrants outstanding at March 31, 2025
3,443,822 $0.01 7.33
During the three months ended March 31, 2025, 344,382 warrants vested. The Company has no vested but not exercised warrants outstanding as of March 31, 2025. During the three months ended March 31, 2024, 344,382 warrants vested.