Subsequent Event |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Event [Abstract] | |
| Subsequent Event |
14. Subsequent Event
On
April 17, 2026, the Company closed an underwritten public offering of 1,521,739 shares of its common stock, with an offering price of
$28.50 per share. On April 22, 2026, the Company closed on the full exercise of the underwriters’ option to purchase an additional
228,261 shares of its common stock at the same price. Huntington Capital Markets acted as sole book-running manager and Seaport Global
Securities acted as co-manager for the offering. The Company received net proceeds in the offering, after deducting offering expenses and underwriters’ discounts and commissions, of approximately $47,700. The net proceeds were used to repay the Company’s short-term borrowings under its term loan and borrowings under its line of credit agreement incurred to fund
capital expenditures and acquisitions, and for general corporate purposes. The proceeds and new shares issued have not been reflected in the financial statements for the period ended March 31, 2026.
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