v3.26.3
Warrants (Tables)
 9 Months Ended
Sep. 30, 2026
Class of Warrant or Right [Line Items]  
Schedule of Outstanding and Exercisable Common Stock Warrants

The following table summarizes the Company’s outstanding and exercisable common stock warrants as of September 30, 2026:

Common Stock Warrants

 

Classification

 

Shares of Common Stock Underlying Outstanding Warrants

 

 

Exercise
Price

 

 

Expiration
 Date

Public Warrants

 

Equity-classified

 

 

8

 

 

$

16,228,800.00

 

 

1/10/2027

Rollover Warrants

 

Equity-classified

 

 

1

 

 

 

3,785,941.11

 

 

1/31/2027

Class A Common Stock Warrants

 

Equity-classified

 

 

2

 

 

 

4,642,848.00

 

 

7/25/2027

Class A Placement Agent Common Stock Warrants

 

Equity-classified

 

 

1

 

 

 

4,642,848.00

 

 

7/25/2027

Class B Common Stock Warrants

 

Equity-classified

 

 

6

 

 

 

846,720.00

 

 

7/28/2027

Class B Placement Agent Common Stock Warrants

 

Equity-classified

 

 

1

 

 

 

1,058,400.00

 

 

7/25/2027

Class C Common Stock Warrants

 

Liability-classified

 

 

6

 

 

 

12.46

 

 

2/14/2028

Class D Common Stock Warrants

 

Equity-classified

 

 

61

 

 

 

12.46

 

 

2/5/2029

Class E Common Stock Warrants

 

Equity-classified

 

 

768

 

 

 

1,344.00

 

 

8/22/2029

Class G Common Stock Warrants

 

Equity-classified

 

 

489,250

 

 

 

12.46

 

 

1/16/2030

Class H Common Stock Warrants

 

Equity-classified

 

 

11,905

 

 

 

12.46

 

 

6/23/2030

Class I Common Stock Warrants

 

Equity-classified

 

 

161,429

 

 

 

12.46

 

 

12/3/2030

Class J Common Stock Warrants

 

Equity-classified

 

 

610,358

 

 

 

12.46

 

 

3/18/2031

Total Shares of Common Stock Underlying Outstanding Warrants at September 30, 2026

 

 

 

 

1,273,796

 

 

 

 

 

 
Class G Common Stock Warrants [Member]  
Class of Warrant or Right [Line Items]  
Schedule of Fair Value of Warrants Estimated Using Black-Scholes Option Pricing Model

The fair values of the Class G Common Stock Warrants on May 29, 2025, with an exercise price of $315.84 per share and $92.40 per share were $59.36 per warrant share and $65.52 per warrant share, respectively, and were estimated using the Black-Scholes option pricing model with the following assumptions:

 

Volatility

 

 

148

%

Expected term (years)

 

 

4.64

 

Risk-free interest rate

 

 

4.00

%

Expected dividend yield

 

 

0.0

%

The fair values of the Class G Common Stock Warrants on September 10, 2025, with an exercise price of $61.60 per share and $43.40 per share were $62.72 per warrant share and $63.84 per warrant share, respectively, and was estimated using the Black-Scholes option pricing model with the following assumptions:

 

Volatility

 

 

155

%

Expected term (years)

 

 

4.36

 

Risk-free interest rate

 

 

3.53

%

Expected dividend yield

 

 

0.0

%

The fair values of the Class G Common Stock Warrants on January 23, 2026, with an exercise price of $43.40 per share and $13.30 per share were $15.40 per warrant share and $16.59 per warrant share, respectively, and was estimated using the Black-Scholes option pricing model with the following assumptions:

Volatility

 

 

162

%

Expected term (years)

 

 

3.98

 

Risk-free interest rate

 

 

3.76

%

Expected dividend yield

 

 

0.0

%
Class H Common Stock Warrants [Member]  
Class of Warrant or Right [Line Items]  
Schedule of Fair Value of Warrants Estimated Using Black-Scholes Option Pricing Model The fair value of the Class H Common Stock Warrants upon issuance was estimated using the Black-Scholes option pricing model with the following assumptions:

 

Volatility

 

 

148

%

Expected term (years)

 

 

5.00

 

Risk-free interest rate

 

 

4.00

%

Expected dividend yield

 

 

0.0

%
Class I Common Stock Warrants [Member]  
Class of Warrant or Right [Line Items]  
Schedule of Fair Value of Warrants Estimated Using Black-Scholes Option Pricing Model The fair value of the Class I Common Stock Warrants upon issuance was estimated using the Black-Scholes option pricing model with the following assumptions:

Volatility

 

 

148

%

Expected term (years)

 

 

5.00

 

Risk-free interest rate

 

 

3.59

%

Expected dividend yield

 

 

0.0

%

 

This was estimated using the Black-Scholes option pricing model with the following assumptions:

Volatility

 

 

149

%

Expected term (years)

 

 

4.86

 

Risk-free interest rate

 

 

3.84

%

Expected dividend yield

 

 

0.0

%
Class J Common Stock Warrants [Member]  
Class of Warrant or Right [Line Items]  
Schedule of Fair Value of Warrants Estimated Using Black-Scholes Option Pricing Model The fair value of the Class J Common Stock Warrants upon issuance was estimated using the Black-Scholes option pricing model with the following assumptions:

Volatility

 

 

148

%

Expected term (years)

 

 

5.00

 

Risk-free interest rate

 

 

3.84

%

Expected dividend yield

 

 

0.0

%