v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Stock-Based Compensation  
Schedule of stock option activity

  ​ ​ ​

Weighted

Weighted

Average

Aggregate

Average

Remaining

Intrinsic

  ​ ​ ​

Exercise Price

Contractual

Value

Shares

Per Share

Life (years)

(in thousands)

Outstanding, December 31, 2023 (Predecessor)

 

747,001

$

6.17

7.45

$

72

Forfeited

 

(6,592)

4.82

Outstanding, July 30, 2024 (Predecessor)

 

740,409

$

6.18

$

Vested and expected to vest, July 30, 2024 (Predecessor)

$

$

Vested and exercisable, July 30, 2024 (Predecessor)

$

$

  ​ ​ ​

Weighted

Weighted

Average

Aggregate

Average

Remaining

Intrinsic

  ​ ​ ​

Exercise Price

Contractual

Value

Shares

Per Share

Life (years)

(in thousands)

Outstanding, December 31, 2024 (Successor)

 

7,587

$

$

Options granted

 

5,777,965

0.95

Outstanding, December 31, 2025 (Successor)

 

5,785,552

$

0.95

9.20

$

703

Options vested, December 31, 2025 (Successor)

2,057,844

$

0.93

9.17

$

272

Options vested and exercisable, December 31, 2025 (Successor)

5,785,552

$

0.95

9.20

$

703

Schedule of stock based compensation expense

The following table summarizes the total stock-based compensation expense related to stock options recorded in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2025 (Successor), and for the periods from July 31, 2024 to December 31, 2024 (Successor), and January 1, 2024 to July 30, 2024 (Predecessor) (in thousands):

Year Ended December 31, 

2025

2024

Successor

Successor

Predecessor

   

July 31 to December 31

January 1 to July 30

Research and development

$

314

$

$

527

Selling, general, and administration

1,165

115

Total stock-based compensation expense

$

1,479

$

$

642