| Summary of Preferred Stock |
Preferred Stock consists of the following (in thousands, except for share and per share amounts):
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March 31, 2026 |
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Number of Shares Authorized |
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Number of Shares Issued and Outstanding |
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Original Issue Price |
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Carrying Value |
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Liquidation Value |
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Series A |
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1,401,000 |
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1,401,000 |
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$ |
1.91259 |
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$ |
2,694 |
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$ |
3,215 |
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Series B |
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4,229,000 |
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3,321,000 |
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3.73744 |
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10,849 |
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14,894 |
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Series C |
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1,362,000 |
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1,362,000 |
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4.20700 |
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5,744 |
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5,730 |
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Series D |
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5,127,000 |
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4,865,000 |
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4.20700 |
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19,989 |
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20,467 |
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Series E-1 |
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6,361,753 |
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6,361,753 |
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2.03540 |
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15,841 |
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12,949 |
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Series E-2 |
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23,994,804 |
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23,582,102 |
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2.54430 |
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59,709 |
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60,000 |
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Series F |
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24,698,846 |
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24,698,846 |
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2.63170 |
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64,947 |
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65,000 |
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Total |
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67,174,403 |
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65,591,701 |
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$ |
179,773 |
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$ |
182,255 |
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December 31, 2025 |
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Number of Shares Authorized |
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Number of Shares Issued and Outstanding |
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|
Original Issue Price |
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|
Carrying Value |
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Liquidation Value |
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Series A |
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1,401,000 |
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1,401,000 |
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$ |
1.91259 |
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$ |
2,694 |
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$ |
3,215 |
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Series B |
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4,229,000 |
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3,321,000 |
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3.73744 |
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10,849 |
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14,894 |
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Series C |
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1,362,000 |
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1,362,000 |
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4.20700 |
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5,744 |
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5,730 |
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Series D |
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5,127,000 |
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4,865,000 |
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4.20700 |
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19,989 |
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20,467 |
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Series E-1 |
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6,361,753 |
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6,361,753 |
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2.03540 |
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15,841 |
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12,949 |
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Series E-2 |
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23,994,804 |
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23,582,102 |
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2.54430 |
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59,709 |
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60,000 |
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Series F |
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24,698,846 |
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24,698,846 |
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2.63170 |
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64,947 |
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65,000 |
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Total |
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67,174,403 |
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65,591,701 |
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$ |
179,773 |
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$ |
182,255 |
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