The
following table summarizes the balances of the convertible notes (in thousands):
| | |
As
of
March 31,
2026 | | |
As
of
December 31,
2025 | |
| 2030
Convertible notes | |
$ | 150,000 | | |
$ | 150,000 | |
| 2031
Convertible notes | |
| 230,000 | | |
| - | |
| Less:
unamortized debt discount | |
| (45,811 | ) | |
| (39,709 | ) |
| Subtotal | |
| 334,189 | | |
| 110,291 | |
| Less:
Current portion | |
| - | | |
| - | |
| Convertible
notes, net of current portion | |
$ | 334,189 | | |
$ | 110,291 | |
| | |
| | | |
| | |
| Accrued
cumulative interest | |
$ | 4,773 | | |
$ | 1,500 | |
|