v3.26.1
Debentures (Tables)
12 Months Ended
Dec. 31, 2025
Debentures [Abstract]  
Schedule of Activity Related to the Debentures

The following is a summary of activity related to the debentures for the years ended December 31, 2025 and , 2024:

 

As of January 1, 2024   51,197 
Interest incurred   8,816 
Principal payments   (11,312)
Interest payments   (7,961)
As of December 31, 2024   40,740 
Interest incurred   4,809 
Principal payments   (31,911)
Interest payments   (5,646)
As of December 31, 2025   7,992 
Schedule of Total Debentures Outstanding The Exposure Premium fair value considers a cap for the liquidity event or early redemption according to the following criteria:
Liquidity Event Date or Early Redemption Date  Cap
Applied to
Total
Debentures
Outstanding
(%)
 
From May 14, 2023 (inclusive) to May 14, 2024 (exclusive)   45.00%
From May 14, 2024 (inclusive) to May 14, 2031   50.00%