v3.26.3
Stockholders' Deficit (Tables)
9 Months Ended
Sep. 30, 2026
Stockholders' Deficit  
Schedule of warrant activity

The following is a summary of warrant activity for the nine months ended September 30, 2026 (dollars in thousands, except per share data):

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Number of

  ​ ​ ​

Weighted Average

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Remaining

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Warrants

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Exercise Price

​

Contractual Term

Outstanding as of January 1, 2026

 

92,891

​

$

0.27

 

2.4

Granted

​

9,700

​

​

0.21

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2.8

Warrants exercised for cash

 

(107)

​

 

0.27

 

—

Cashless exercise

 

(643)

​

 

0.22

 

—

Warrants expired and cancellation

 

(1,222)

​

 

0.68

 

—

Outstanding as of September 30, 2026 (1)

 

100,619

​

$

0.26

 

2.1

(1)At September 30, 2026, of the approximately 100.6 million total outstanding warrants listed above, approximately 90 million warrants were under Blocker Letter Agreements or suspension agreements.
Schedule of warrants granted

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July 29, 2026

 

Exercise price

​

$

0.21

​

Expected term (in years)

​

 

3.0

​

Volatility

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79

%

Risk-free interest rate

​

 

4.3

%

Dividend yield

​

 

0

%

Schedule of warrant modifications

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Post-modification

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Pre-modification

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Exercise price

​

$

0.28

​

$

0.28

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Expected term (in years)

​

 

3.2

​

 

3.0

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Volatility

​

 

78

%  

 

77

%

Risk-free interest rate

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4.2

%  

 

4.2

%

Dividend yield

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0

%  

 

0

%