v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events

22. Subsequent Events

 

The Company has evaluated events that have occurred subsequent to June 30, 2026 and through August 11, 2026, the date of the filing of this Report.

 

In July 2026, the Company made an additional investment of $1.0 million in FusionIQ, increasing its aggregate investment in FusionIQ to $3.0 million. As a result of the additional investment, the Company’s ownership interest in FusionIQ increased from approximately 4% as of June 30, 2026 to approximately 5%. The additional investment was made pursuant to the terms of the existing investment arrangement and will continue to be accounted for under the measurement alternative in accordance with ASC 321, Investments—Equity Securities, as the investment does not have a readily determinable fair value.

 

Subsequent to June 30, 2026, the Company received repayment of $2.0 million of debt from Arqitech in July 2026. During the first quarter of 2026, the Company made a strategic investment in Arqitech, an institutional-grade, non-custodial digital asset infrastructure platform that provides on-chain settlement, cross-chain execution, and decentralized financial technology solutions for regulated financial institutions. Refer to Note 10 – Investments, Cost for further detail.

 

Subsequent to June 30, 2026, the Company settled an arbitration matter. Pursuant to the settlement agreement, the Company is required to make a payment of approximately $1.48 million, which is expected to be paid during the third quarter of 2026. Refer to Note 18 – Commitments, Contingencies, and Other.

 

Based on the Company’s assessment, other than the events above, there have been no material subsequent events that occurred during such period that would require disclosure in this Report or would be required to be recognized in the financial statements as of June 30, 2026.