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The following tables provides a roll-forward of short-term investments, warrant liabilities, and derivative liabilities measured at fair value on a recurring basis
using observable Level 1 and Level 3 inputs, as applicable, for the years ended December 31, 2025 and 2024 (in thousands):
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2025
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|
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2024
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Short-term investments
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|
|
|
|
|
|
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Balance as of beginning of period
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$
|
2
|
|
|
$
|
15
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|
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Unrealized loss
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(2
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)
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|
|
(13
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)
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Balance as of end of period
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$
|
—
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|
|
$
|
2
|
|
|
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2025
|
|
|
2024
|
|
|
Warrant liabilities
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|
|
|
|
|
|
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Balance as of beginning of period
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|
$
|
—
|
|
|
$
|
—
|
|
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Issuance of March 2025 Warrants and March 2025 Private Placement Warrants
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15,520
|
|
|
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—
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Exercises
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(1,052 |
) |
|
|
— |
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Change
in fair value
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11,517 |
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|
|
—
|
|
|
Balance as of end of period
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$
|
25,985
|
|
|
$
|
—
|
|
|
|
2025
|
|
2024
|
|
|
Other derivative liabilities
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|
|
|
|
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Balance as of beginning of period
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$
|
2
|
|
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$
|
74
|
|
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Change in fair value
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|
|
(2
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)
|
|
|
(72
|
)
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|
Balance as of end of period
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|
$
|
—
|
|
|
$
|
2
|
|
|