v3.26.1
Warrants (Tables)
6 Months Ended
Jun. 30, 2026
Warrants and Rights Note Disclosure [Abstract]  
Summary of Outstanding Liability Classified as Warrants

The table below represents the activity associated with the Company's outstanding liability-classified 2022 USD Financing Warrants for the six months ended June 30, 2026:

 

 

2022 USD Financing Warrants

 

Balance at December 31, 2025

 

 

4,199,954

 

Issued

 

 

 

Exercised

 

 

(1,571,695

)

Expired

 

 

 

Balance at June 30, 2026

 

 

2,628,259

 

Summary of Activity of Outstanding Warrant Liability

The below table summarizes the activity of the outstanding liability for the 2022 USD Financing Warrants for the six months ended June 30, 2026 (in thousands):

 

 

Warrant Liability

 

Balance at December 31, 2025

 

$

40,905

 

Warrant exercise

 

 

(34,165

)

Change in fair value of the warrant liability

 

 

106,277

 

Balance at June 30, 2026

 

$

113,017