Preferred Stock |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Preferred Stock | |
| Preferred Stock | 11. Preferred Stock Series C Convertible Preferred Stock During the nine months ended September 30, 2026, approximately 147,000 Series C Preferred Shares with a book value of $2.3 million were converted into 3.7 million common shares at a ratio of 1:. The Company determined that the Series C Shares contain contingent redemption provisions allowing redemption by the holder upon certain defined events (“deemed liquidation events”). As the event that may trigger the redemption of the Series C Shares is not solely within the Company’s control, the Series C Shares are classified as mezzanine equity (temporary equity) in the Company’s condensed consolidated balance sheets. |