v3.25.1
FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities at Fair Value on a Recurring Basis
Financial liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, consisted of the following (in thousands):
 March 31, 2025December 31, 2024
 Level 1Level 2 Level 3TotalLevel 1Level 2Level 3Total
Liabilities:
Anti-dilution Right$— $— $6,574 $6,574 $— $— $18,454 $18,454 
Warrant Liability$— $— $1,739 $1,739 $— $— $3,306 $3,306 
Share Purchase Agreement$— $— $1,556 $1,556 $— $— $14,905 $14,905 
Schedule of Changes in the Level 3 Liabilities Measured at Fair Value
The changes in the Level 3 instruments measured at fair value on a recurring basis were as follows (in thousands):
 Three months ended March 31, 2025
 Anti-dilution Right
Private
Warrants
Share Purchase Agreement
Balance (beginning of period)$18,454 $3,306 $14,905 
Fair value measurement adjustments(11,880)(1,567)(13,349)
Balance (end of period)$6,574 $1,739 $1,556