v3.26.3
Fair value of Financial Instruments (Tables)
3 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of the Warrant and the Valuation Assumptions
The March 2026 Common Warrants was classified as a Level 3 financial instrument in the fair value hierarchy and was valued using the BlackScholes option pricing model (“BSOPM”). The following table presents the fair value of the warrant and the valuation assumptions under the BSOPM as of September 30, 2026 and at issuance.
September 30, 2026At Issuance
Fair Value (in thousands)$3,200$3,460
Exercise price$6.50$6.50
Common stock price$3.24$3.25
Expected option term (years)55
Expected volatility80.00 %80.00 %
Risk free rate of return3.85 %3.80 %
Expected annual dividend yield— %— %