SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2026
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 20— SUBSEQUENT EVENTS Underwritten Public Offering On August 11, 2026, the Company priced an underwritten public offering of 8,425,000 American Depositary Shares ("ADSs"), each representing one ordinary share, €0.13 nominal value per share, at a public offering price of $4.75 per ADS. The offering closed on August 14, 2026. Gross proceeds were $40.0 million, and net proceeds were approximately $37.1 million after deducting underwriting discounts and commissions of $2.4 million and estimated offering expenses of approximately $0.5 million payable by the Company. The ADSs were offered pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-294597), declared effective on March 31, 2026, and a related prospectus supplement dated August 11, 2026. In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 1,263,750 ADSs at the public offering price, less underwriting discounts and commissions. The option was not exercised as of the date of this report. No proceeds from any exercise of the option are reflected above. As a result of the offering, the Company's issued and outstanding ordinary shares increased from 37,527,950 as of June 30, 2026 to 45,952,950 as of August 14, 2026. The Company intends to use the net proceeds for operating costs, capital expenditure and for general corporate purposes, including working capital. The offering was a non-recognized subsequent event and had no effect on the Company's condensed consolidated financial statements as of and for the three and six months ended June 30, 2026.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2026

NOTE 20— SUBSEQUENT EVENTS

Underwritten Public Offering

On August 11, 2026, the Company priced an underwritten public offering of 8,425,000 American Depositary Shares ("ADSs"), each representing one ordinary share, €0.13 nominal value per share, at a public offering price of $4.75 per ADS. The offering closed on August 14, 2026.

Gross proceeds were $40.0 million, and net proceeds were approximately $37.1 million after deducting underwriting discounts and commissions of $2.4 million and estimated offering expenses of approximately $0.5 million payable by the Company. The ADSs were offered pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-294597), declared effective on March 31, 2026, and a related prospectus supplement dated August 11, 2026.

In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 1,263,750 ADSs at the public offering price, less underwriting discounts and commissions. The option was not exercised as of the date of this report. No proceeds from any exercise of the option are reflected above.

As a result of the offering, the Company's issued and outstanding ordinary shares increased from 37,527,950 as of June 30, 2026 to 45,952,950 as of August 14, 2026.

The Company intends to use the net proceeds for operating costs, capital expenditure and for general corporate purposes, including working capital.

The offering was a non-recognized subsequent event and had no effect on the Company's condensed consolidated financial statements as of and for the three and six months ended June 30, 2026.