| Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation |
The following table presents a reconciliation of the Company's warrant liabilities that were classified as Level 3 within the fair value hierarchy for the six months ended June 30, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Private Warrants | | Underwriter Warrants | | OTM Warrants | | PIPE Warrants | | Total | | | | | | | | | | | | in thousands | Balance at December 31, 2023 | $ | 476 | | | $ | 53 | | | $ | 3,981 | | | $ | 20,020 | | | $ | 24,530 | | | Change in fair value of warrant liabilities | 81 | | | 9 | | | 696 | | | 4,995 | | | 5,781 | | Balance at June 30, 2024 | $ | 557 | | | $ | 62 | | | $ | 4,677 | | | $ | 25,015 | | | $ | 30,311 | |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The fair values of the Company's financial assets and liabilities as of June 30, 2025 and December 31, 2024 are shown in the following tables:
| | | | | | | | | | | | | | | | | | | | | | | | | Estimated Fair Value as of June 30, 2025 | | Total | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | Financial Assets | in thousands | | Investments: | | | | | | | | | Corporate | $ | 231,334 | | | $ | — | | | $ | 231,334 | | | $ | — | | | U.S. Treasury | 154,354 | | | — | | | 154,354 | | | — | | | States and municipalities | 30,624 | | | — | | | 30,624 | | | — | | | Foreign | 20,852 | | | — | | | 20,852 | | | — | | | Asset-backed securities | 27,901 | | | — | | | 27,901 | | | — | | | Mortgage-backed securities | 124,053 | | | — | | | 124,053 | | | — | | | Common stocks | 12,456 | | | 12,456 | | | — | | | — | | | Total | $ | 601,574 | | | $ | 12,456 | | | $ | 589,118 | | | $ | — | | | | | | | | | | | Estimated Fair Value as of December 31, 2024 | | Total | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | Financial Assets | in thousands | | Investments: | | | | | | | | | Corporate | $ | 231,189 | | | $ | — | | | $ | 231,189 | | | $ | — | | | U.S. Treasury | 145,875 | | | — | | | 145,875 | | | — | | | States and municipalities | 31,585 | | | — | | | 31,585 | | | — | | | Foreign | 21,057 | | | — | | | 21,057 | | | — | | | Asset-backed securities | 23,680 | | | — | | | 23,680 | | | — | | | Mortgage-backed securities | 124,302 | | | — | | | 124,302 | | | — | | | Common stocks | 11,839 | | | 11,839 | | | — | | | — | | | Total | $ | 589,527 | | | $ | 11,839 | | | $ | 577,688 | | | $ | — | |
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