v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Debt Obligation

The Company’s debt obligation consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2026

 

 

2025

 

2025 Credit Agreement

 

$

 

 

$

30,000

 

December 2024 Convertible Note

 

 

 

 

 

11,606

 

Additional 2024 Convertible Notes

 

 

 

 

 

11,405

 

2025 Convertible Notes

 

 

 

 

 

16,930

 

Rights offering convertible notes

 

 

 

 

 

73

 

Total notes payable, gross

 

 

 

 

 

70,014

 

Less: unamortized deferred debt issuance costs

 

 

 

 

 

(863

)

Less: unamortized debt discount

 

 

 

 

 

(9,123

)

Total notes payable, net

 

 

 

 

 

60,028

 

Less: current portion

 

 

 

 

 

(44

)

Total notes payable

 

$

 

 

$

59,984