v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements [Line Items]  
Schedule of Liabilities Measured at Fair Value on a Recurring Basis

The following tables provide information related to the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025:

 

   March 31, 2026 
   Level 1   Level 2   Level 3   Total 
Liabilities:                
Forward purchase agreement warrant liability  $
-
   $
-
   $37   $37 
Private warrant liability   
-
    3,830    
-
    3,830 
Publicly traded warrant liability   941    
-
    
-
    941 
   $941   $3,830   $37   $4,808 

 

   December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Liabilities:                
Forward purchase agreement warrant liability  $
-
   $
-
   $24   $24 
Private warrant liability   
-
    5,835    
-
    5,835 
Publicly traded warrant liability   551    
-
    
-
    551 
   $551   $5,835   $24   $6,410 
Schedule of Instrument Measured at Fair Value on a Recurring Basis

The following tables summarize the activity for the Company’s Level 3 instrument measured at fair value on a recurring basis:

 

   Forward Purchase
Agreement Warrant
Liability
 
Balance as of December 31, 2025  $24 
Change in fair value   13 
Balance as of March 31, 2026  $37 
Private Warrant Liability [Member]  
Fair Value Measurements [Line Items]  
Schedule of Fair Value Measurements of the Forward Purchase Agreement Warrant Liability The following table presents the quantitative information regarding the Level 2 fair value measurements of the private warrant liability as of March 31, 2026 and December 31, 2025:
   March 31,
2026
  December 31,
2025
Stock price  $0.67  $0.66
Exercise price  $1.31 - $1.33  $1.31 - $1.33
Expected volatility  111.0% - 113.3%  147.0% -149.0%
Expected term (in years)  1.7 - 1.8  1.9 - 2.0
Risk-free rate  3.75% - 3.76%  3.50%
Forward Purchase Agreement Warrant Liability [Member]  
Fair Value Measurements [Line Items]  
Schedule of Fair Value Measurements of the Forward Purchase Agreement Warrant Liability The following table presents the quantitative information regarding Level 3 fair value measurements of the forward purchase agreement warrant liability as of March 31, 2026 and December 31, 2025:
   March 31,
2026
   December 31,
2025
 
Stock price  $0.67   $0.66 
Initial exercise price  $10.46   $10.46 
Annual volatility   146.0%   115.0%
Remaining term (in years)   0.8    1.0 
Risk-free rate   3.63%   3.42%