NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Basic and Diluted Earnings Loss Per Share

The following table summarizes the calculation of basic and diluted net loss per share:


	For the Three Months Ended June 30, 2026				For the Three Months Ended June 30, 2025
(in thousands, except share and per share data)	Series A Preferred Stock		Common Stock		Series A Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Allocation of net loss	$	—	$	(15,009)	$	(81)	$	(4,603)
Weighted average shares outstanding, basic and diluted	—		197,453,293		1,250		71,109,514
Net loss per share, basic and diluted	$	—	$	(0.08)	$	(64.73)	$	(0.06)

	For the Six Months Ended June 30, 2026				For the Six Months Ended June 30, 2025
(in thousands, except share and per share data)	Series A Preferred Stock		Common Stock		Series A Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Allocation of net loss	$	—	$	(31,996)	$	(258)	$	(14,661)
Weighted average shares outstanding, basic and diluted	—		166,674,573		1,250		71,077,747
Net loss per share, basic and diluted	$	—	$	(0.19)	$	(206.27)	$	(0.21)

Schedule of Computations of Diluted Weighted-Average Shares Outstanding

The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding as they would be anti-dilutive:



	For the Period Ended
	June 30, 2026	December 31, 2025
Stock options to purchase common stock	21,207,427	17,613,352
Common stock issuable upon exercise of Series A Warrants	—	38,481,325
Common stock issuable upon exercise of Series B Warrants	28,861,000	28,861,000
Unvested RSUs	696,272	420,080
	50,764,699	85,375,757