v3.26.3
Warrants (Tables)
6 Months Ended
Jun. 30, 2026
Warrants [Abstract]  
Schedule of Initial Fair Value of Warrants Under Black-Scholes-Merton Model

The table summarizes the assumptions of the initial fair value of warrants under Black-Scholes-Merton model:

 

    GEM
Warrants
    Public
Warrants
and
Private
Warrants
    Common
Warrants
    PA
Warrants
 
Expected term (in years)     3       5       5       5  
Volatility     59.84 %     59.84 %     63.84 %     63.84 %
Risk-free interest rate     3.94 %     3.59 %     4.80 %     4.80 %
Dividend yield     -       -       -       -  
Schedule of Status of Warrants Outstanding and Exercisable

The table summarizes the status of warrants outstanding and exercisable as of June 30, 2026:

 

    Warrants     Weighted
Average
Exercise
Price
 
Warrants outstanding, as of December 31, 2025     12,431,674     $ 10.72  
Warrants exercisable, as of December 31, 2025     12,431,674     $ 10.72  
Issued     -       -  
Exercised     -       -  
Expired     (2,839,951 )     11.50  
Warrants outstanding, as of June 30, 2026     9,591,723     $ 10.49  
Warrants exercisable, as of June 30, 2026     9,591,723     $ 10.49