v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2026 and December 31, 2025:

 

    June 30, 2026  
    Level 1     Level 2     Level 3     Total  
Liabilities:                        
Forward purchase agreement warrant liability   $ -     $ -     $ 14     $ 14  
Private warrant liability     -       4,668       -       4,668  
Publicly traded warrant liability     705       -       -       705  
    $ 705     $ 4,668     $ 14     $ 5,387  

 

    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     (10 )
Balance as of June 30, 2026   $ 14  
Private Warrant Liability [Member]  
Fair Value Measurements [Line Items]  
Schedule of Fair Value Measurements The following table presents the quantitative information regarding the Level 2 fair value measurements of the private warrant liability as of June 30, 2026 and December 31, 2025:

 

  June 30,
2026
  December 31,
2025
Stock price $0.79   $0.66
Exercise price  $1.31 - $1.33    $1.31 - $1.33
Expected volatility 113.6% - 115.4%   147.0% -149.0%
Expected term (in years)  1.4 - 1.5    1.9 - 2.0
Risk-free rate 4.05% - 4.06%   3.50%
Forward Purchase Agreement Warrant Liability [Member]  
Fair Value Measurements [Line Items]  
Schedule of Fair Value Measurements The following table presents the quantitative information regarding Level 3 fair value measurements of the forward purchase agreement warrant liability as of June 30, 2026 and December 31, 2025:

 

    June 30,
2026
    December 31,
2025
 
Stock price   $ 0.79     $ 0.66  
Initial exercise price   $ 10.46     $ 10.46  
Annual volatility     112.0 %     115.0 %
Remaining term (in years)     0.5       1.0  
Risk-free rate     3.93 %     3.42 %