v3.26.1
Warrant Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Warrant Liabilities [Abstract]
Schedule of Fair Value of the Warrants
The following are the assumptions used in calculating fair value of the Warrants:
June 30,
December 31,
2026
2025
Trading price of common stock on measurement date
$
9.00
$
17.25
Exercise price
$
37.50
$
37.50
Risk free interest rate
4.24 – 4.29
%
3.95 – 4.03
%
Warrant life in years
7.57 – 8.70
8.06 – 9.20
Expected volatility
87.0
%
88.0
%
Expected dividend yield
—
—
Probability of an event causing a warrant re-price
20.0
%
70.0
%
Estimated date of event causing a warrant re-price
June 2027
May 2026
X
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