Stock-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award |
The following table summarized the number of stock-based awards granted by the Company and the weighted-average grant date fair value per unit for the six-month periods ended June 30, 2026, and 2025, respectively:
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | June 30, 2025 | | | | Weighted- | | | | Weighted- | | Stock-Based | | Average | | Stock-Based | | Average | | Awards | | Grant | | Awards | | Grant | | Granted | | Price | | Granted | | Price | | Restricted stock units | 3,589,038 | | | $ | 18.12 | | | - | | | $ | - | | | 3,589,038 | | | | | - | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount |
The following tables show stock-based compensation expense by award type (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | Three months Ended | | Six months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | | | | | | | | | | | | | | | | | Stock awards - non Director, Officer, Employee | 12,571 | | | - | | | 29,512 | | | - | | Restricted stock units | 15,266 | | | - | | | 80,096 | | | - | | Restricted Performance share units | 4,252 | | | - | | | 4,252 | | | - | | | Total stock-based compensation expense | $ | 32,089 | | | $ | - | | | $ | 113,860 | | | $ | - | |
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| Schedule of Nonvested Restricted Stock Units Activity |
The following table summarizes the activity related to the Company’s RSU awards during the period presented:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted- | | | | | | | | Average | | | | | | Number of | | Grant Date | | | | | | Shares | | Fair Value | Nonvested as of January 1, 2026 | | | | | 12,000,000 | | | $ | 5.00 | | | Converted in reverse recapitalization | | | | | 3,305,785 | | | 18.15 | | | Granted | | | | | 3,589,038 | | | 18.12 | | | Vested | | | | | (3,457,412) | | | | | Cancelled/Forfeited | | | | | - | | | - | | Nonvested as of June 30, 2026 | | | | | 3,437,411 | | | $ | 18.15 | |
The following table summarizes the activity related to the Company’s market-based RSU awards:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted- | | | | | | | | Average | | | | | | Number of | | Grant Date | | | | | | Awards | | Fair Value | Nonvested as of January 1, 2026 | | | | | 1,375,000 | | | $ | 8.35 | | | Converted in reverse recapitalization | | | | | 567,738 | | | 20.22 | | | Granted | | | | | - | | | - | | | Vested | | | | | - | | | - | | | Cancelled/Forfeited | | | | | - | | | - | | Nonvested as of June 30, 2026 | | | | | 567,738 | | | $ | 20.22 | |
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| Schedule of Nonvested Performance-Based Units Activity |
The following table summarizes the activity related to the Company’s performance-based RSU awards:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted- | | | | | | | | Average | | | | | | Number of | | Grant Date | | | | | | Awards | | Fair Value | Nonvested as of January 1, 2026 | | | | | 4,125,000 | | | $ | 5.00 | | | Converted in reverse recapitalization | | | | | 568,182 | | | 18.15 | | | Granted | | | | | - | | | - | | | Vested | | | | | (189,394) | | | - | | | Cancelled/Forfeited | | | | | - | | | - | | Nonvested as of June 30, 2026 | | | | | 378,788 | | | $ | 18.15 | |
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