WARRANT LIABILITIES |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Warrants and Rights Note Disclosure [Abstract] | |
| WARRANT LIABILITIES | 7. WARRANT LIABILITIES On January 23, 2024, the Company entered into a warrant agreement (the “Warrant Agreement”) providing for the issuance of 98,313,313 warrants, each exercisable for one share of common stock at an exercise price of $6.81 per share (the “Tranche 1 Warrants”), and 81,927,898 warrants, each exercisable for one share of common stock at an exercise price of $0.01 per share (the “Tranche 2 Warrants” and, together with the Tranche 1 Warrants, the “Warrants”). The Tranche 1 Warrants expire on January 23, 2027, and the Tranche 2 Warrants expire on January 23, 2029. During the three months ended March 31, 2026, nominal Tranche 1 Warrants were exercised, which resulted in cash receipts of $0.1 million. As of March 31, 2026, there were 96.7 million unexercised Tranche 1 Warrants. During the three months ended March 31, 2026, 0.4 million Tranche 2 Warrants were exercised, which resulted in immaterial cash receipts. As of March 31, 2026, there were 7.8 million unexercised Tranche 2 Warrants.
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