v3.26.1
Fair Value Measurements - Schedule of Level 3 of the Fair Value Hierarchy Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
8 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Derivative liability        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance/initial balance     $ 1,164 $ 420
Change in estimated fair value     (716) 744
Settlement of the Note upon conversion     (448) 0
Ending balance $ 0 $ 0 0 1,164
Earnout liabilities        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance/initial balance   99,639 0 0
Change in estimated fair value   9,032   0
Ending balance 108,671 108,671 108,671 0
Warrant liabilities | Level 3        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance/initial balance   40,652 0 0
Change in estimated fair value   37,549   0
Warrant exercises   (58,667)   0
Ending balance 19,534 19,534 19,534 0
Common Stock warrant | Level 3        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance/initial balance 84,807   0 0
Change in estimated fair value 58,138     0
Warrant exercises (142,945)     0
Ending balance 0 0 0 0
Prefunded warrant        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance/initial balance 22,309   0 0
Change in estimated fair value 1,396     0
Warrant exercises (23,705)     0
Ending balance $ 0 $ 0 $ 0 $ 0