Quarterly report pursuant to Section 13 or 15(d)

Capital Structure (Tables)

v3.23.3
Capital Structure (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Warrant Activity
The following table presents information for privately placed warrants that were assumed in the Business Combination:

Number of
Warrants(1)
Warrant Fair
Value
Weighted
Average Exercise
Price
Weighted
Average
Remaining
Life
Private warrants assumed through Business Combination
Outstanding at December 31, 2021
670,108 $ 2,185 $ 230.00 4.3
Change in fair value (2,125)
Outstanding — December 31, 2022 670,108 60 230.00 3.4
Change in fair value (60)
Outstanding — September 30, 2023
670,108 230.00 2.5

(1)     The 670,108 private placement warrants are convertible into 33,505 shares of common stock outstanding. Each warrant entitles the holder to purchase 1/20th of a share of common stock at a price of $230.00 per whole share, subject to adjustment.