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WARRANTS
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
WARRANTS WARRANTS
2030 Private Placement Warrants
In connection with the Exchange, the Company issued 439,919 of 2030 Private Placement Warrants under a warrant agreement dated June 30, 2025, each of which entitles the holder to purchase one share of common stock at an exercise price of $30.00.
Upon issuance, these warrants met the criteria for liability classification, resulting in a warrant liability of $1.9 million. The 2030 Private Placement Warrants were remeasured to fair value as of June 30, 2026, resulting in a warrant liability of $2.2 million. During the six months ended June 30, 2026, the Company recorded a related gain on remeasurement of $2.9 million in “change in fair value of warrant liability” in the condensed consolidated statements of operation. See Note 4 — Fair Value Measurements and Note 8 — Debt for additional details.