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

Stock Warrants, Earnout Shares and Contingent Consideration (Tables)

v3.25.4
Stock Warrants, Earnout Shares and Contingent Consideration (Tables)
12 Months Ended
Dec. 31, 2025
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value
Assumptions used in the valuation are as follows:
December 31, August 10,
2025 2024 2021
Expected volatility 76.10  % 74.80  % 62.20  %
Risk-free interest rate 3.79  % 4.46  % 1.36  %
Dividend rate 0.00  % 0.00  % 0.00  %
Expected term (in years) 5.61 6.61 10.00
Assumptions used in the valuation of Delta Warrants are as follows:
December 31, October 7,
2025 2024 2022
Expected volatility 76.10  % 74.80  % 72.20  %
Risk-free interest rate 3.92  % 4.51  % 3.89  %
Dividend rate 0.00  % 0.00  % 0.00  %
Expected term (in years) 6.80 7.80 10.00
Fair Value Measurement Inputs and Valuation Techniques Assumptions used in the valuation are as follows:
December 31, 2025
Expected volatility 35.70  %
Risk-free interest rate 3.41  %
Dividend rate 0.00  %
Expected term (in years) 0.66