Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Cumulative Series D Preferred Stock Redemption Information The Company has processed 8,200 shares of Series D Preferred Stock subsequent to June 30, 2026. Accordingly, the Company has issued 55,176 shares of Common Stock in settlement of an aggregate redemption price of approximately $0.3 million. Exchanges of Series B Preferred Stock and Series D Preferred Stock for Common Stock The Company agreed to issue an aggregate amount of 1,708,630 shares of Common Stock to five unaffiliated holders of the Company’s securities in separate exchanges for an aggregate amount of 21,681 shares of the Series D Preferred Stock and 247,535 shares of the Series B Preferred Stock. Adjustment to Conversion Price of Convertible Notes As a result of the July 2026 Series D Preferred Stock redemptions the conversion price was further adjusted for the Convertible Notes to approximately $3.35 per share of the Company’s Common Stock (approximately 7.47 shares of Common Stock for each $25.00 of principal amount of the Convertible Notes being converted). Litigation On August 3, 2026, the Company paid $0.4 million for the Aquino Settlement. See Note 8 for information regarding this litigation.
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