Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurements and Financial Instruments (Tables)

v3.25.4
Fair Value Measurements and Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Private Warrants [Member]  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]  
Fair Value Measurement Inputs and Valuation Techniques The Private Warrants were recorded at fair value based on a Black-Scholes option pricing model with the following material assumptions based on observable and unobservable inputs:

 

 

 

As of December 31,

 

 

 

2024

 

Expected term (in years)

 

 

1.0

 

Volatility

 

 

55.5

%

Risk-free interest rate

 

 

4.2

%

Expected dividend yield

 

 

1.8

%

Strike price

 

$

11.50

 
Deferred Shares [Member]  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]  
Fair Value Measurement Inputs and Valuation Techniques The Additional Deferred Shares have been recorded at fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs:

 

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

Expected term (in years)

 

 

1.4

 

 

 

2.4

 

Volatility

 

 

57.1

%

 

 

37.2

%

Risk-free interest rate

 

 

3.5

%

 

 

4.3

%

Stock price

 

$

4.54

 

 

$

6.59