v3.25.2
Borrowing (Tables)
6 Months Ended
Jun. 30, 2025
Subordinated Borrowings [Abstract]  
Schedule Of Future Minimum Payments

The following table presents future minimum payments, including interest and the end of term charge, under the Loan Agreement as of June 30, 2025:

 

 

June 30, 2025

 

 

 

(In thousands)

 

2025 (remaining 6 months)

 

$

2,637

 

2026

 

 

5,230

 

2027

 

 

5,230

 

2028

 

 

5,244

 

2029

 

 

5,230

 

Thereafter

 

 

54,162

 

Total

 

 

77,733

 

Less: imputed interest

 

 

(27,483

)

Less: unamortized debt discount and issuance costs

 

 

(3,276

)

Total loan agreement

 

$

46,974

 

Schedule Of Liability Related to Finance Agreement

The following table shows the activity within the liability related to the Finance Agreement during the three months ended June 30, 2025:

 

Liabilities Related to Finance Agreement

 

 

(in thousands)

 

Carrying value of liability related to Finance Agreement at June 25, 2025

 

$

150,000

 

Issuance costs

 

 

(4,674

)

Non-cash interest expense

 

 

266

 

Amortization of issuance costs

 

 

11

 

Carrying value of liability related to Finance Agreement at June 30, 2025

 

$

145,603