The
Company utilized the following assumptions to estimate the fair value of the Class A Warrants:
Schedule of Assumptions to Estimate Fair Value of Warrants
| | |
June 30, | |
| | |
2024 | |
| Underlying price per share | |
$ | 35.00 | |
| Exercise price per share | |
$ | 36.30 | |
| Risk-free interest rate | |
| 4.42 | % |
| Expected holding period | |
| 5.5 years | |
| Expected volatility | |
| 110 | % |
| Expected dividend yield | |
| — | |
| Warrants measurement input | |
| — | |
The
Company utilized the following assumptions to estimate the fair value of the Class B Warrants:
| | |
June 30, | |
| | |
2024 | |
| Underlying price per share | |
$ | 35.00 | |
| Exercise price per share | |
$ | 36.30 | |
| Risk-free interest rate | |
| 4.82 | % |
| Expected holding period | |
| 2 years | |
| Expected volatility | |
| 89 | % |
| Expected dividend yield | |
| — | |
| Warrants measurement input | |
| — | |
The
Company utilized the following assumptions to estimate the fair value of the Class C Warrants:
| | |
October1, | |
| | |
2024 | |
| Underlying price per share | |
$ | 26.00 | |
| Exercise price per share | |
$ | 28.00 | |
| Risk-free interest rate | |
| 3.6 | % |
| Expected holding period | |
| 2 years | |
| Expected volatility | |
| 82 | % |
| Expected dividend yield | |
| — | |
| Warrants measurement input | |
| — | |
The
Company utilized the following assumptions to estimate the fair value of the Class D Warrants:
| | |
October 1, | |
| | |
2024 | |
| Underlying price per share | |
$ | 26.00 | |
| Exercise price per share | |
$ | 28.00 | |
| Risk-free interest rate | |
| 3.5 | % |
| Expected holding period | |
| 5.5 years | |
| Expected volatility | |
| 91 | % |
| Expected dividend yield | |
| — | |
| Warrant measurement input | |
| — | |
The
Company utilized the following assumptions to estimate the fair value of the Class E Warrants:
| | |
July 30, | | |
September 30, | |
| | |
2025 | | |
2025 | |
| Underlying price per share | |
$ | 3.05 | | |
$ | 2.74 | |
| Exercise price per share | |
$ | 4.00 | | |
$ | 4.00 | |
| Risk-free interest rate | |
| 4.0 | % | |
| 3.7 | % |
| Expected holding period | |
| 5 years | | |
| 4.83 years | |
| Expected volatility | |
| 101 | % | |
| 108 | % |
| Expected dividend yield | |
| — | | |
| — | |
| Warrant measurement input | |
| — | | |
| — | |
The
Company utilized the following assumptions to estimate the fair value of the Class F Warrants:
| | |
July 30, | | |
September 30, | |
| | |
2025 | | |
2025 | |
| Underlying price per share | |
$ | 3.05 | | |
$ | 2.74 | |
| Exercise price per share | |
$ | 4.00 | | |
$ | 4.00 | |
| Risk-free interest rate | |
| 4.0 | % | |
| 3.7 | % |
| Expected holding period | |
| 1.51 years | | |
| 1.34 years | |
| Expected volatility | |
| 142 | % | |
| 162 | % |
| Expected dividend yield | |
| — | | |
| — | |
| Warrant measurement input | |
| — | | |
| — | |
|