The following tables summarize the Company’s 5-Year Private Warrants(1) (in thousands, except warrant amounts):


Balance at			Fair Value			Expired			Balance at
December 31, 2024			Adjustments(1)			5-Year Public Warrants			September 30, 2025
Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
670,600	$	6	—	$	(5)	(670,600)	$	(1)	—	$	—


Balance at			Fair Value			Transfers to			Balance at
December 31, 2023			Adjustments(1)			5-Year Public Warrants			September 30, 2024
Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
865,422	$	26	—	$	(7)	(194,822)	$	(5)	670,600	$	14

(1)Liability classified warrants are subject to fair value remeasurement at each balance sheet date in accordance with ASU Topic 815-40, Contracts on Entity’s Own Equity. As a result, fair value adjustments related exclusively to the Company’s liability classified warrants. See Note 9 – Fair Value Measurements for additional information on the fair value of the Company’s liability classified warrants.

The following table summarizes additional information on the Company’s outstanding warrants as of September 30, 2025:


	Exercise price		Exercise period	Expiration date	Warrants outstanding
Public Offering Warrants (5-Year)(1)	$	10.50	5 years	October 6, 2025	9,583,334
Private Placement Offering Warrants(1)	$	1.068	5 years	March 15, 2027	46,816,480
Public Offering Warrants (2025 3-Year)	$	4.200	3 years	June 13, 2028	6,654,875
Private Placement Offering Warrants (2025 2-Year)	$	6.000	2 years	September 10, 2027	7,008,528
Total Warrants Outstanding					70,063,217

(1)Warrants issued prior to the 1-for-10 reverse stock split that was effective November 14, 2023, issuable into common stock at the rate of 10 warrants per share

The following table summarizes additional information on the Company’s outstanding warrants as of December 31, 2024:


	Exercise price		Exercise period	Expiration date	Warrants outstanding(1)
5-Year Public Warrants(1)	$	11.50	5 years	May 29, 2025	33,619,298
Public Offering Warrants(1)	$	10.50	5 years	October 6, 2025	9,583,334
Private Placement Offering Warrants(1)	$	1.068	5 years	March 15, 2027	46,816,480
Total Warrants Outstanding					90,019,112

(1)Warrants issued prior to the 1-for-10 reverse stock split that was effective November 14, 2023, issuable into common stock at the rate of 10 warrants per share