v3.26.1
COMMON STOCK AND WARRANTS (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Warrants Outstanding
The following table provides a roll-forward of the number of shares of Class A common stock underlying warrants issued during the three and six months ended June 30, 2026 and the three and six months ended June 30, 2025:
2025
Pre-funded
Warrants		2025 Stapled
Warrants		Base Advisor
Warrants		2022 Public
Warrants		2025 Common WarrantsOther Equity
Warrants		Total
Classification
Equity(1)
Equity(1)
Equity(1)
LiabilityLiability
Equity(1)
Exercise Price ($)0.00110.1340.0016.75647.55
Various(2)
Expiration DateN/A
Various(6)
Oct-30Aug-2027Dec-2027
Various(3)
Balance at December 31, 2024— — — 804 — 7,807 8,611 
Issuances— — — — 293,235 32,831 326,066 
Exercises— — — (187)(293,233)(22,323)(315,743)
Expirations— — — — — (487)(487)
Balance at June 30, 2025— — — 617 2 17,828 18,447 
Issuances36,261,239 73,941,196 7,394,119 — — — 117,596,554 
Exercises(3,269,896)— — — (8,871)(3,278,767)
Exercised but not issued(4)
(2,298,075)— — — — — (2,298,075)
Balance at December 31, 202530,693,268 73,941,196 7,394,119 617 2 8,957 112,038,159 
Exercises(11,627,247)— (1,567,862)— — — (13,195,109)
Exercised but not issued(5)
— — (80,403)— — — (80,403)
Expirations— — — — — (676)(676)
Balance at June 30, 202619,066,021 73,941,196 5,745,854 617 2 8,281 98,761,971 
(1)The Company’s outstanding equity-classified warrants as of June 30, 2026 have a weighted average exercise price of $7.63.
(2)Exercise prices for outstanding other equity warrants as of June 30, 2026 range from $563.25 to $1,856.25 per share of Class A common stock exercised.
(3)Expiration dates for outstanding other equity warrants as of June 30, 2026 range from April 2027 to April 2030.
(4)As of December 31, 2025, the Company received formal notice of exercise from the holder and shares were issued in January 2026.
(5)As of June 30, 2026, the Company received formal notice of exercise from the holder and shares were issued in July 2026.
(6)The Cash Stapled Warrants have an expiration of June 2028 and the Cryptocurrency Stapled Warrants have an expiration of July 2028.