v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s assets and liabilities that were measured at fair value as of June 30, 2025 and December 31, 2024, by level within the fair value hierarchy
Fair Value HierarchyFair value measurements as of
Description June 30, 2025December 31, 2024
Unaudited
Assets:
Cash equivalents:
Money market accounts and fundsLevel 1$— $70,692 
Short-term investments:
Short-term depositsLevel 2$— $3,780 
Derivative instruments asset:
Derivative instruments designated as cash flow hedging instrumentsLevel 2$2,788 $468 
Liabilities:
Warrants liability:
Public WarrantsLevel 1 $(2,530)$(3,303)
Private WarrantsLevel 3$(15)$(65)
Derivative instruments liability:
Derivative instruments designated as cash flow hedging instrumentsLevel 2$(20)$(50)
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The key inputs into the Black-Scholes model for the Private Warrants were as follows:

InputJune 30,December 31,
20252024
Unaudited
Risk-free interest rate3.96%4.41%4.11%4.12%
Expected term (years)0.251.000.751.49
Expected volatility42.5%80.3%39.7%76.5%
Exercise price$11.50$11.50
Underlying stock price$3.66$3.65
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the changes in the fair value of Warrants liability:
PrivatePublicTotal
InputWarrantsWarrantsWarrants
Fair value as of December 31, 2024$65 $3,303 $3,368 
Change from private to public holdings(1)— 
Change in fair value(49)(774)(823)
Fair value as of June 30, 2025 (unaudited)$15 $2,530 $2,545