v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Fair Value of Interest Rate Collar
The following table presents the fair value of the Company's interest rate collar included in the condensed consolidated balance sheets as of the dates presented:

June 30, 2026
Asset DerivativesLiability Derivatives
(in thousands)Balance Sheet ClassificationFair ValueBalance Sheet ClassificationFair Value
Derivatives Designated as Hedging Instruments
Interest Rate CollarPrepaids and other current assets$6 Other long-term liabilities$90 
Schedule of Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis and indicates the level within the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
June 30, 2026December 31, 2025
(in thousands)LevelBalanceLevelBalance
Cash equivalents
Money market funds1$92,125 1$102,125 
Liabilities
Earnout liability3$— 3$22 
Warrant liability — Public Warrants1139 11,121 
Warrant liability — Private Placement Warrants329 3249 
Total liabilities$168 $1,392 
Schedule of Changes in the Fair Value of Warrant and Earnout Liabilities
The following table presents a reconciliation for all liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3):
(in thousands)Earnout LiabilityPrivate Placement Warrant Liability
Fair value as of December 31, 2025$22 $249 
Change in fair value of liability(22)(220)
Fair value as of June 30, 2026$— $29 
Long-term debt  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Assumptions Used in Valuation of Liability Assumptions used in the valuation of the DOE Loan were as follows as of June 30, 2026:
June 30, 2026
Interest payment frequencyQuarterly
First interest payment dateMarch 15, 2030
Credit spread (semi-annual)1.4%
Risk-free interest rateU.S. Constant Maturity Treasury
Earnout Liability  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Assumptions Used in Valuation of Liability
The earnout liability was valued using the Monte Carlo simulation methodology. As of June 30, 2026, the earnout liability was zero. Assumptions used in the valuation of the earnout liability at December 31, 2025 were as follows:
December 31, 2025
Stock price$2.91
Risk-free interest rate3.6%
Expected restriction period (in years)0.5
Expected volatility100%
Dividend rate— %
Warrant liability — Private Placement Warrants  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Assumptions Used in Valuation of Liability Assumptions used in the valuation of the Private Placement Warrant liability using the Monte Carlo simulation methodology are as follows:
December 31, 2025
Stock price$2.91
Risk-free interest rate3.6%
Expected term (in years)0.5
Expected volatility120%
Dividend rate— %
Exercise price$11.50