SERIES A CONVERTIBLE PREFERRED STOCK |
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2026 |
Dec. 31, 2025 |
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| Stockholders’ Equity: | ||||
| SERIES A CONVERTIBLE PREFERRED STOCK | 14. SERIES A CONVERTIBLE PREFERRED STOCK
As of December 31, 2024, the Company has authorized shares of Series A Convertible Preferred Stock with a par value of $ per share. The Series A Convertible Preferred Stock had voting rights on an as-if-converted to common stock basis. The holders were entitled to a 12% dividend and convert at any time into shares of common stock at a ratio of 1 to 25.6938 shares of common stock, subject to adjustment.
As a part of the Business Combination with Western, the Company issued shares of Series A Convertible Preferred Stock, par value $ per share, in connection with the conversion and settlement of previously outstanding securities mentioned above. Refer to Note 15 for the characteristic of newly issued Series A Convertible Preferred Stock. |
As of December 31, 2024, the Company has authorized shares of Series A Convertible Preferred Stock with a par value of $ per share. The Series A Convertible Preferred Stock had voting rights on an as-if-converted to Common Stock basis. The holders were entitled to a 12% dividend and convert at any time into shares of Common Stock at a ratio of 1 to 25.6938 shares of Common Stock, subject to adjustment.
As a part of the Business Combination with Western, the Company issued shares of Series A Convertible Preferred Stock, par value $ per share, in connection with the conversion and settlement of previously outstanding securities mentioned above. Refer to Note 17 for the characteristic of newly issued Series A Convertible Preferred Stock. |