v3.26.1
Term Loans and Warrant Liabilities (Tables)
9 Months Ended
Jun. 30, 2026
Term Loans And Warrant Liabilities [Abstract]  
Summary of Changes in Fair Value of Term Loan and First Amendment Term Loan Level 3

A summary of the changes in the fair value of the Close Date Term Loan Level 3 rollforward is as follows:

 

 

 

Nine Months Ended
June 30,

 

 

 

2026

 

 

2025

 

Beginning balance

 

$

13,100

 

 

$

12,010

 

Change in fair value related to non-credit risk recorded within net loss

 

 

1,990

 

 

 

1,230

 

Change in fair value related to credit risk in other comprehensive income

 

 

 

 

 

(820

)

Ending balance

 

$

15,090

 

 

$

12,420

 

The Company paid off the First Amendment Term Loan in December 2025.

 

 

 

Nine Months Ended
June 30,

 

 

 

2026

 

 

2025

 

Beginning balance

 

$

4,910

 

 

$

 

Transfer in

 

 

 

 

 

4,480

 

Change in fair value related to non-credit risk recorded within net loss

 

 

51

 

 

 

150

 

Payment

 

 

(4,961

)

 

 

 

Ending balance

 

$

 

 

$

4,630

 

 

Summary of Fair Value Assumptions Applied in Determining Initial Fair Value and Subsequent Fair Value of Warrant Liabilities

The following is a summary of the fair value assumptions applied in determining the initial fair value and the subsequent fair value of the warrant liabilities as of each respective date:

 

 

June 30,

 

 

September 30

 

 

2026

 

 

2025

 

Discount Rate

 

 

4.2

%

 

 

3.7

%

Volatility

 

 

64.0

%

 

 

62.6

%

Summary of Changes in Fair Value of Warrant Liabilities Level 3

A summary of the changes in the fair value of the warrant liabilities Level 3 rollforward is as follows:

 

 

 

Nine Months Ended
June 30,

 

 

 

2026

 

 

2025

 

Beginning balance

 

$

3,570

 

 

$

6,640

 

Change in fair value in net loss

 

 

(1,810

)

 

 

(4,560

)

Ending balance

 

$

1,760

 

 

$

2,080

 

Schedule of Outstanding Principal Amount and Carrying Value of Term Loan

The outstanding principal amount and carrying value of the June Term Loan is as follows:

 

 

 

June 30,

 

 

 

2026

 

Principal

 

$

4,300

 

Accrued exit fee

 

 

32

 

Unamortized debt issuance cost

 

 

(238

)

Net carrying value

 

$

4,094