Term Loan (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Outstanding Term Loans Payable

The outstanding note payable consisted of the following as of December 31, 2025 (in thousands) :




Note payable	$	30,000
Unamortized debt discount and issuance costs	(1,764)
Net carrying amount of note payable	$	28,236

Schedule of Interest Expense

The following table provides the components of interest expense related to the K2HV Loan Agreement:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands)
Interest expense based on coupon interest rate (10.3%) of outstanding term loans	$	299	$	781	$	1,072	$	1,554
Amortization of debt discount and accretion of Final Fee (8.94%)	176		520		771		1,010
Total interest expense on effective rate (19.24%)	$	475	$	1,301	$	1,843	$	2,564

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details