v3.26.1
FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The Company evaluates assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level to classify them for each reporting period. The Company did not have any transfers between fair value measurements levels during the three months ended March 31, 2026.
The following table sets forth the Company’s assets and liabilities that were measured at fair value as of March 31, 2026 and December 31, 2025, by level within the fair value hierarchy:
Fair Value HierarchyFair value measurements as of
Description March 31, 2026December 31, 2025
Unaudited
Assets:
Derivative instruments asset:
Derivative instruments designated as cash flow hedging instrumentsLevel 2$636 $534 
Liabilities:
Warrants liability:
Public WarrantsLevel 1 $(105)$(501)
Private WarrantsLevel 3$— $— 
Derivative instruments liability:
Derivative instruments designated as cash flow hedging instrumentsLevel 2$(849)$— 

The Company classifies its derivative instruments within Level 2 as they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded.
The Company measures the fair value for Warrants by using a quoted price for the Public Warrants, which are classified as Level 1, and a Black-Scholes simulation model for the Private Warrants, which are classified as Level 3, due to the use of unobservable inputs.
As of March 31, 2026, the remaining contractual term of both the Public and the Private warrants was 0.25 years. As of that date, the fair value of the Public warrants was $105, while the fair value of the Private warrants was immaterial.