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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Stock by Class
The Company had reserved shares of Class A common stock for issuance in connection with the following:
December 31,
December 31,
2025
2024
(in thousands)
Convertible Senior Notes
6,539 
— 
Restricted stock units outstanding
2,551 
2,419 
Private Placement Warrants (exercisable for Class A common stock) treated as liability
2,480 
3,091 
Public Warrants (exercisable for Class A common stock) treated as liability
1,977 
1,977 
Stock options outstanding
1,851 
876 
Common stock warrants (exercisable for Class A common stock) treated as equity
221 
221 
Shares available for future grant
248,154 
260,456 
Total Class A common stock reserved
263,773 
269,040 
The Sponsor Shares have the following provisions:
Terms
Contractual Life
Seven years from the closing date of the Merger
Release Provision
Exactly half of the Sponsor Shares have a release provision (“Release”) at such time that the volume weighted average price (“VWAP”) is equal to, or greater than, $120.00 per share for ten of any twenty consecutive trading days. The remaining Sponsor Shares Release at such time that the VWAP is equal to, or greater than, $140.00 per share for ten of any twenty consecutive trading days. There is an additional provision for acceleration of the Release upon a defined change in control.
Forfeiture Provision
If, within the seven year period, the Sponsor Shares have not met the Release provisions, the Sponsor Shares will automatically forfeit and be cancelled.