v3.26.1
Fair Value of Financial Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Information About Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

 

 

FAIR VALUE MEASUREMENTS AS OF
JUNE 30, 2026 USING:

 

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

 

TOTAL

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liabilities

 

 

 

 

 

 

 

 

20,233

 

 

 

20,233

 

Total

 

$

 

 

$

 

 

$

20,233

 

 

$

20,233

 

 

 

 

FAIR VALUE MEASUREMENTS AS OF
DECEMBER 31, 2025 USING:

 

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

 

TOTAL

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liabilities

 

 

 

 

 

 

 

 

15,598

 

 

 

15,598

 

Total

 

$

 

 

$

 

 

$

15,598

 

 

$

15,598

 

Schedule of Aggregate Fair Values of Warrant Liabilities, for Which Fair Value Determined by Level 3 Inputs

The following table provides a roll forward of the aggregate fair values of the Company’s warrant liabilities, for which fair value is determined by Level 3 inputs (in thousands):

 

 

 

WARRANT
LIABILITIES

 

Balance at December 31, 2025

 

$

15,598

 

Change in fair value

 

 

4,635

 

Balance at June 30, 2026

 

$

20,233