CASH, CASH EQUIVALENTS AND RESTRICTED CASH

6 Months Ended

Jun. 30, 2026

CASH, CASH EQUIVALENTS AND RESTRICTED CASH [Abstract]

CASH, CASH EQUIVALENTS AND RESTRICTED CASH


(in thousands)	June 30, 2026 $		December 31, 2025 $
Cash at bank		6,963		5,385
Cash equivalents (1)		249,904		6,697
Current restricted cash		518		494
Total current cash, cash equivalents and current restricted cash		257,385		12,576
Non-current restricted cash (2)		3,509		-
Total cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows		260,894		12,576

(1)

Consisted primarily of money market deposits, treasury bills and term deposits. The Company considers all short-term, highly liquid investments, that are readily convertible to known amounts of cash and with original maturities of three months or less to be cash equivalents.

(2)

Non-current restricted cash includes $3.5 million classified as a non-current asset as of June 30, 2026, relating to cash collateral held in a restricted deposit account supporting a standby letter of credit associated with a property lease.