v3.26.1
WARRANTS (Tables)
3 Months Ended
Mar. 31, 2026
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Estimated Fair Value of Warrants The Company estimated the fair value of the warrant liability using the following assumptions as of March 31, 2026:
Estimated dividend yield— %
Weighted-average expected stock price volatility77.80 %
Weighted-average risk-free interest rate3.81 %
Expected term (in years)2.92
Weighted-average fair value per option$1.18 
The Company estimated the fair value of the warrant liability using the following assumptions as of March 31, 2026:
Estimated dividend yield— %
Weighted-average expected stock price volatility80.07 %
Weighted-average risk-free interest rate3.90 %
Expected term (in years)4.61
Weighted-average fair value per option$3.25 
Summary of Warrant Liability
The following table summarizes the Company’s warrant liability (in thousands):
Balance at December 31, 2025$15,695 
Issuance of warrants— 
Change in fair value of warrant liability7,107 
Balance at March 31, 2026$22,802