Note 7 – Warrant Liabilities

The table below provides a summary of the outstanding Public and Private Placement Warrants.

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Each whole Warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share, subject to customary adjustments. Only whole Warrants are exercisable. The Warrants became exercisable on January 7, 2022 and will expire on December 8, 2026.

None of the Private Placement Warrants are redeemable by the Company so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees. The table below provides the fair value of warrant liabilities at:

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The table below provides the gain (loss) recognized in connection with changes in fair value of warrant liabilities at:

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There have been no changes to the terms of the Public or Private Placement Warrants disclosed in the 2024 Form 10-K.