Debt (Tables)

9 Months Ended

Sep. 30, 2026

Outstanding debt consisted of the following (in thousands):


	September 30, 2026
Term Loan Facility principal	$	50,000
Add: Compound Derivative measured at fair value	8,600
Add: accreted final payment fee	273
Less: unamortized Compound Derivative discount	(6,824)
Less: unamortized debt issuance costs	(1,294)
Less: unamortized original issue discount	(535)
Long-term debt, net	$	50,220

Schedule of Debt Interest Expense

The following table provides the components of interest expense (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2026			2026
Contractual interest	$	1,149		$	1,646
Amortization of Compound Derivative discount	417			590
Amortization of debt issuance costs	77			110
Amortization of original issue discount	32			46
Accretion of final payment fee	192			273
Amortization of deferred debt issuance costs	88			126
Amortization of deferred original issue discount	36			52
Total interest expense	$	1,991		$	2,843

Schedule of Future Minimum Payments on the Term Loans

Future principal payments, excluding contractual interest but including the final payment fee of approximately $3.5 million, in connection with the Loan Agreement as of September 30, 2026 are as follows (in thousands):


	September 30, 2026
2026 (remainder)	$	—
2027	—
2028	—
2029	28,570
2030	24,905
Total principal payments including final payment fee	$	53,475