v3.26.1
Stockholders’ Equity (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Stockholders' Equity Note [Abstract]    
Schedule of Black-Scholes Option Pricing Model

The fair value of the Common Warrant was calculated using the Monte Carlo Simulation Model. The assumptions used to perform the calculations are detailed below:

 

   February 24,
2026
   June 30,
2026
 
Expected volatility (%)   85.6%   92.4%
Risk-free interest rate (%)   3.61%   4.18%
Expected dividend yield   0.0%   0.0%
Expected term (years)   5    4.66 
Conversion price (U.S. dollars)   2.130    2.130 
Underlying share price (U.S. dollars)   2.130    0.171 
Fair value (U.S. dollars in thousands)   25,429    124,387 

The fair value of the Pre-funded Warrant was calculated using the Black-Scholes option pricing Model. The assumptions used to perform the calculations are detailed below:

 

   December 18,
2024
   December 31,
2024
 
Expected volatility (%)   113.8%   114.2%
Risk-free interest rate (%)   4.30%   4.30%
Expected dividend yield   0.0%   0.0%
Expected term (years)   5.00    5.00 
Conversion price (U.S. dollars)   0.0001    0.0001 
Fair value (U.S. dollars in thousands)   5,086    52,682 
   December 18,
2024
   December 31,
2024
 
Expected volatility (%)   113.8%   114.2%
Risk-free interest rate (%)   4.30%   4.30%
Expected dividend yield   0.0%   0.0%
Expected term (years)   5.00    5.00 
Probability of a fundamental event   10.0%   10.0%
Conversion price (U.S. dollars)   6.00    6.00 
Fair value (U.S. dollars in thousands)   18,153    94,287 
   September 4,
2025
   December 31,
2025
 
Expected volatility (%)   87%   93.7%
Risk-free interest rate (%)   3.65%   3.70%
Expected dividend yield   0.0%   0.0%
Expected term (years)   5    4.68 
Conversion price (U.S. dollars)   5.405    5.405 
Underlying share price (U.S. dollars)   4.72    4.03 
Fair value (U.S. dollars in thousands)   23,435    24,521