v3.26.1
Redeemable preferred shares (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Redeemable preferred shares    
Summary of the Company's redeemable convertible preferred share features post Rights Offering

Features

  ​ ​ ​

Class A (Series 1-7)

  ​ ​ ​

Class B Series 1

  ​ ​ ​

Class B Series 2

  ​ ​ ​

Class B Series 3

Issued and outstanding

 

56,010,259

 

11,612,203

 

26,965,385

 

95,229,714

Convertible into

 

Class A Common shares

 

Class A Common shares

 

Class A Common shares

 

Class A Common shares

Conversion rate

 

1:1

 

1:1

 

1:1

 

1:1

Voting

 

Yes

 

Yes

 

Yes

 

Yes

Dividend

 

Only if paid on common shares. No fixed amount.

 

Only if paid on common shares. No fixed amount.

 

Only if paid on common shares. No fixed amount

 

Only if paid on common shares. No fixed amount

Redemption at option of holder

 

No

 

No

 

No

 

No

Liquidation/Deemed liquidation preference

 

1.0X

 

2.0X and participating

 

2.0X and participating

 

2.0X and participating

Original subscription price per share

 

Original subscription price

$

1.587

$

1.1903

$

0.00001

Redemption minimum approval requirement

 

2/3 vote

 

2/3 vote

 

2/3 vote

 

2/3 vote

Redemption amount

 

Greater of liquidation preference or fair value

 

Greater of liquidation preference or fair value

 

Greater of liquidation preference or fair value

 

Greater of liquidation preference or fair value

Features

  ​ ​ ​

Class A (Series 1-7)

  ​ ​ ​

Class B Series 1 

  ​ ​ ​

Class B Series 2 

  ​ ​ ​

Class B Series 3 

Issued and outstanding

 

56,010,259

 

 

11,612,203

 

 

26,965,385

 

 

95,229,750

Convertible into

 

Class A Common shares

 

Class A Common shares

 

Class A Common shares

 

Class A Common shares

Conversion rate

 

1:1

 

1:1

 

1:1

 

1:1

Voting

 

Yes

 

Yes

 

Yes

 

Yes

Dividend

 

Only if paid on common

 

Only if paid on common

 

Only if paid on common

 

Only if paid on common

shares. No fixed

shares. No fixed

shares. No fixed

shares. No fixed

amount.

amount.

amount.

amount.

Redemption at option of holder

 

No

 

No

 

No

 

No

Liquidation/Deemed liquidation preference

 

1.0X

 

2.0X and participating

 

2.0X and participating

 

2.0X and participating

Original subscription price per share

 

Original subscription price

 

$

1.587

 

$

1.1903

 

$

0.00001

Redemption minimum approval requirement

 

2/3 vote

2/3 vote

2/3 vote

2/3 vote

Redemption amount

Greater of liquidation

Greater of liquidation

Greater of liquidation

Greater of liquidation

 

preference or fair value

preference or fair value

preference or fair value

preference or fair value