v3.26.1
WARRANTS (Tables)
6 Months Ended
Jun. 30, 2026
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Estimated Fair Value of Warrants The Company estimated the fair value of the warrant liability using the following assumptions as of June 30, 2026:
Estimated dividend yield0.00 %
Weighted-average expected stock price volatility78.08 %
Weighted-average risk-free interest rate4.15 %
Expected term (in years)2.67
Weighted-average fair value per option$2.12 
The Company estimated the fair value of the warrant liability using the following assumptions as of June 30, 2026:
Estimated dividend yield0.00 %
Weighted-average expected stock price volatility81.23 %
Weighted-average risk-free interest rate4.18 %
Expected term (in years)4.36
Weighted-average fair value per option$5.14 
Summary of Warrant Liability
The following table summarizes the Company’s warrant liability (in thousands):
Balance at December 31, 2025$15,695 
Issuance of warrants— 
Change in fair value of warrant liability20,998 
Balance at June 30, 2026$36,693