Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):


	March 31, 2025
	Total				Level 1				Level 2				Level 3
Assets:
Cash equivalents – money market funds	$	115,033			$	115,033			$	—			$	—
Total assets	$	115,033			$	115,033			$	—			$	—
Liabilities:
Trinity Term Loans	$	42,453			$	—			$	—			$	42,453
Success Fee Derivative liability		925				—				—				925
SSI Warrant liability		336				—				—				336
Total liabilities	$	43,714			$	—			$	—			$	43,714


	December 31, 2024
	Total				Level 1				Level 2				Level 3
Assets:
Cash equivalents – money market funds	$	138,308			$	138,308			$	—			$	—
Total assets	$	138,308			$	138,308			$	—			$	—
Liabilities:
Trinity Term Loans	$	43,942			$	—			$	—			$	43,942
Success Fee Derivative liability		930				—				—				930
SSI Warrant liability		438				—				—				438
Total liabilities	$	45,310			$	—			$	—			$	45,310