XML 50 R38.htm IDEA: XBRL DOCUMENT v3.26.1
Mezzanine Equity (Tables)
6 Months Ended
Jun. 30, 2026
Mezzanine Equity [Abstract]  
Changes in Mezzanine Equity
The following table presents the changes in the Company’s mezzanine equity during the six months ended June 30, 2026:

   
Shares
   
Amount
 
         
(In thousands)
 
Series F Preferred Stock as of December 31, 2025
   
121,050
   
$
136,146
 
Redemption of Series F Preferred Stock
   
(13,727
)
   
(34,474
)
Conversion of Series F Preferred Stock
   
(29,323
)
   
(36,655
)
Adjustment to maximum redemption value
   
     
(22,193
)
Agreement amendment fees
   
     
(380
)
Undeclared dividends
   
     
780
 
Series F Preferred Stock as of June 30, 2026
   
78,000
   
$
43,224
 
Remeasurement of Series F Preferred Stock
The following table presents the components of Series F Preferred Stock declared dividends, Series F Preferred Stock undeclared dividends, and the remeasurement of Series F Preferred Stock reflected on the accompanying condensed consolidated statements of operations for the periods indicated:

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2026
   
2025
   
2026
   
2025
 
   
(In thousands)
 
Series F Preferred Stock declared dividends
                       
Conversions of Series F Preferred Stock
 
$
(71
)
 
$
   
$
(254
)
 
$
 
Dividend payments
   
(2,527
)
   
(3,289
)
   
(6,014
)
   
(3,289
)
Series F Preferred Stock declared dividends
 
$
(2,598
)
 
$
(3,289
)
 
$
(6,268
)
 
$
(3,289
)
                                 
Series F Preferred Stock undeclared dividends
                               
Prior period undeclared dividend declared in current period
 
$
966
   
$
   
$
966
   
$
 
Adjustment to maximum redemption value at end of period
   
(780
)
   
(1,402
)
   
(1,746
)
   
(1,647
)
Series F Preferred Stock undeclared dividends
 
$
186
   
$
(1,402
)
 
$
(780
)
 
$
(1,647
)

                               
Remeasurement of Series F Preferred Stock
                               
Conversions of Series F Preferred Stock
 
$
(785
)
 
$
(350
)
 
$
(3,674
)
 
$
(975
)
Adjustment to maximum redemption value for the redemption of Series F Preferred Stock
   
(46,941
)
   
     
(46,941
)
   
 
Fair value adjustment for Series F Preferred Stock embedded derivative at redemption
   
(7,396
)
   
     
(7,396
)
   
 
Fair value adjustment for Series F Preferred Stock Anniversary Warrants at redemption
   
51,324
     
     
51,324
     
 
Adjustment to maximum redemption value at end of period
   
90,987
     
17,861
     
76,787
     
(72,126
)
Remeasurement of Series F Preferred Stock
 
$
87,189
   
$
17,511
   
$
70,101
   
$
(73,101
)