Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Carrying Amount of the Term Loan Facility

The carrying amount of the Term Loan Facility was as follows:


		March 31, 2026								December 31, 2025
($ in thousands)		Principal				Carrying Amount(a)				Principal				Carrying Amount(a)
Term Loan Facility due 2029(b)		$	40,000			$	40,146			$	40,000			$	40,000
Less: unamortized debt issuance costs							(1,145	)							(1,220	)
Less: unamortized debt discounts							(3,130	)							(3,336	)
						$	35,871							$	35,444

_____________________

(a) Principal payable in 24 consecutive monthly installments of $1.7 million beginning December 1, 2027, or December 1, 2028 if the second tranche is funded, with the final payment fee of $2.4 million due at maturity.

(b) Interest payable monthly beginning on January 1, 2026 under the Term Loan Facility.

Contractual Maturities of Long-term Debt

As of March 31, 2026, the contractual maturities of long-term debt were as follows:


($ in thousands)		Maturities
2026		$	—
2027			1,667
2028			20,000
2029(a)			20,696
Total		$	42,363

_____________________

(a) Includes a contractual final payment of $2.4 million due at maturity.