Unsolicited and Non-Binding Acquisition Proposal |
3 Months Ended |
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Jun. 30, 2026 | |
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |
| Unsolicited and Non-Binding Acquisition Proposal | Note 10: Unsolicited and Non-Binding Acquisition Proposal In June 2026, the Company received a public unsolicited and non-binding acquisition proposal from SilverCape Investments Limited (“SilverCape”) to acquire all of the outstanding shares of the Company at a price of $3.00 per share in cash, subject to various conditions such as due diligence and the execution of a mutually acceptable definitive agreement, but not subject to any financing contingency. The proposal followed SilverCape’s prior unsolicited non-binding acquisition proposal of $4.00 per share made on December 11, 2025. On June 30, 2026, the Company announced that the Company’s Board, consistent with its fiduciary duties and in consultation with its financial and legal advisors, are carefully reviewing and considering the acquisition proposal to determine the course of action that it believes is in the best interests of the Company and its stockholders and that the Company has not reached a determination regarding SilverCape’s proposal and does not intend to comment further unless and until the Board completes its review or determines that additional disclosure is appropriate or required.
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