v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

12. SUBSEQUENT EVENTS

 

On April 9, 2026, the Company reached an agreement in principle to settle the claims arising from the Shih Complaint. Under the agreement, which is subject to court approval, the Company will pay a settlement amount of $6.5 million, a significant portion of which will be funded through insurance proceeds. The Company did not record a liability related to this matter as of March 31, 2026 as the underlying conditions did not exist at that time.

 

The Company expects to record the settlement charge during the second quarter of 2026, and does not expect the settlement to have a material impact on the Company's future results of operations, financial position, or liquidity beyond the amounts disclosed.