v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt

(in thousands)

 

June 30, 2026

 

 

December 31, 2025

 

Acquisition notes

 

$

1,145

 

 

$

2,681

 

Principal amount of term loans and A&R promissory note

 

 

52,055

 

 

 

55,171

 

Accrued exit fee

 

 

229

 

 

 

 

Less: discount and deferred loan costs

 

 

(30,788

)

 

 

(35,250

)

Total debt, net

 

 

22,641

 

 

 

22,602

 

Less: short-term debt

 

 

(22,641

)

 

 

(12,681

)

Long-term debt, net

 

$

 

 

$

9,921

 

Schedule of Changes in outstanding warrants

Changes in the number and value of our Original and New Warrants were as follows:

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Number of warrants

 

 

Value ($000's)

 

 

Number of warrants

 

 

Value ($000's)

 

Beginning balance

 

 

6,836,237

 

 

$

74,515

 

 

 

1,750,000

 

 

$

9,520

 

Exercise of Original Warrants

 

 

 

 

 

 

 

 

(1,750,000

)

 

 

(7,752

)

Change in fair value of warrant liability

 

N/A

 

 

 

(39,855

)

 

N/A

 

 

 

(1,768

)

Ending balance

 

 

6,836,237

 

 

$

34,660

 

 

 

 

 

$