Annual report [Section 13 and 15(d), not S-K Item 405]

Earnout (Tables)

v3.25.1
Earnout (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Number of Earnout Shares Allocated to Unit of Account The following table summarizes the number of Earnout Shares allocated to each unit of account as of December 31, 2024:

 

 

 

Triggering Event I Earnout Shares

 

 

Triggering Event II Earnout Shares

 

Derivative liability

 

 

732,997

 

 

 

610,831

 

Stock compensation

 

 

67,003

 

 

 

55,835

 

Total Earnout Shares

 

 

800,000

 

 

 

666,666

 

Assumptions Used In The Valuation

 

 

December 31,

 

 

 

 

2023

 

 

Current stock price

 

$

8.20

 

 

Expected volatility

 

 

85.00

%

 

Risk-free interest rate

 

 

4.07

%

 

Dividend rate

 

 

%

 

Expected term (years)

 

 

2.54