On June 26, 2025, the Company executed a post Pivot restructuring (the "Restructuring") which reduced the Company's headcount by approximately 70 employees (approximately 22% of the Company’s workforce on that date) in the third quarter of 2025. The actions associated with the Restructuring resulted in approximately $2.5 million recorded in the Company's unaudited condensed consolidated statement of operations in the three and six months ended June 30, 2025.

In accordance with GAAP, employee termination benefits were recognized at the date employees were notified and post-employment benefits were accrued as the obligation was probable and estimable. Benefits for employees who provided service greater than 60 days from the date of notification were recognized ratably over the service period.

The following tables summarize activity in the Company’s restructuring-related liability during the three and six months ended June 30, 2025 (in thousands):


	Balance at		Restructuring		Payments /		Liability at
	March 31, 2025		Charges		Utilizations		June 30, 2025
Employee-related costs	$	10	$	2,492	$	97	$	2,599
Total costs	$	10	$	2,492	$	97	$	2,599


	Balance at		Restructuring		Payments /			Liability at
	December 31, 2024		Charges		Utilizations			June 30, 2025
Employee-related costs	$	938	$	2,492	$	(831	)	$	2,599
Total costs	$	938	$	2,492	$	(831	)	$	2,599