v3.26.3
Subsequent Events
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
As discussed in Note 1, on October 1, 2026, the transactions contemplated by the Purchase Agreement and the Subscription Agreement were consummated, see Note 1 for further details. Pursuant to the terms of the Purchase Agreement, at the Closing, the Company and Nokia entered into a Lock-Up Agreement (the “Lock-Up Agreement”) pursuant to which Nokia agreed not to transfer any of the shares of Common Stock or warrants (the “Warrants”) issued pursuant to the terms of the Purchase Agreement or the Subscription Agreement, or any shares of Common Stock underlying the Warrants (collectively, the “Securities”), subject to limited exceptions, for a period of (i) with respect to 50% of each type of the Securities, one year
following the Closing and (ii) with respect to the remaining 50% of each type of the Securities, two years following the Closing. In addition, the Company and Nokia entered into a Registration Rights Agreement (the “Registration Rights Agreement”). Pursuant to the Registration Rights Agreement, the Company agreed to file a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) within one year of the Closing in order to effect a registration for the resale by Nokia of the shares of Common Stock issuable pursuant to the terms of the Purchase Agreement and the Subscription Agreement, as well as the shares of Common Stock underlying the Warrants. The Registration Rights Agreement also grants Nokia certain demand and “piggyback” registration rights and will require the Company, under certain circumstances, to assist with underwritten offerings for the Securities.