Quarterly report pursuant to Section 13 or 15(d)

Stock Warrants and Earnout Shares (Tables)

v3.23.3
Stock Warrants and Earnout Shares (Tables)
9 Months Ended
Sep. 30, 2023
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value of The Total Earnout Shares Liability
Assumptions used in the valuation are as follows:
September 30, 2023 December 31, 2022
Expected volatility 76.50  % 73.70  %
Risk-free interest rate 4.60  % 3.92  %
Dividend rate 0.00  % 0.00  %
Expected term (in years) 7.86 8.61
Assumptions used in the valuation of Delta Warrants are as follows:
September 30, 2023 December 31, 2022
Expected volatility 76.80  % 75.10  %
Risk-free interest rate 4.60  % 3.89  %
Dividend rate —  % —  %
Expected term (in years) 9.0 9.8