v3.26.3
Debt (Tables)
9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt

(in thousands)

 

September 30, 2026

 

 

December 31, 2025

 

Acquisition notes

 

$

—

 

 

$

2,681

 

Principal amount of term loans and A&R promissory note

 

 

52,979

 

 

 

55,171

 

Accrued exit fee

 

 

427

 

 

 

—

 

Less: discount and deferred loan costs

 

 

(28,626

)

 

 

(35,250

)

Total debt, net

 

 

24,780

 

 

 

22,602

 

Less: short-term debt

 

 

(24,780

)

 

 

(12,681

)

Long-term debt, net

 

$

—

 

 

$

9,921

Schedule of Changes in outstanding warrants

Changes in the number and value of our Original and New Warrants were as follows:

 

 

Nine months ended September 30,

 

 

 

2026

 

 

2025

 

 

 

Number of warrants

 

 

Value ($000's)

 

 

Number of warrants

 

 

Value ($000's)

 

Beginning balance

 

 

6,836,237

 

 

$

74,515

 

 

 

1,750,000

 

 

$

9,520

 

Exercise of Original Warrants

 

 

—

 

 

 

—

 

 

 

(1,750,000

)

 

 

(7,752

)

Issuance of New Warrants under the Credit Agreement

 

 

—

 

 

 

—

 

 

 

6,836,237

 

 

 

32,061

 

Exercise of New Warrants

 

 

(688,121

)

 

 

(2,023

)

 

 

—

 

 

 

—

 

Change in fair value of warrant liability

 

N/A

 

 

 

(59,335

)

 

N/A

 

 

 

14,298

 

Ending balance

 

 

6,148,116

 

 

$

13,157

 

 

 

6,836,237

 

 

$

48,127