v3.26.3
Share Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share Based Compensation [Abstract]  
Schedule of Grant-date Fair Value

The grant-date fair value of the award was determined using a Monte Carlo simulation, which reflects the market conditions attaching to the share-price hurdles. The following assumptions were used at the date of grant.

 

Grant-date share price   $ 5.77  
Initial Share Value (60-day trailing VWAP at May 1, 2026)   $ 9.81  
Expected volatility     160.50 %
Risk-free interest rate     4.18 %
Expected dividend yield     0.00 %
Contractual term     5 years  
Settlement value per tranche   $ 1,600  
First hurdle     150% of Initial Share Value  
Incremental hurdle per subsequent tranche     50% of Initial Share Value