Fair Value (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value

Schedule of financial assets and liabilities measured at fair value

	Level 1		Level 2		Level 3		Total
December 31, 2025	(in thousands)
Cash and Cash Equivalents - Money Market Funds	$	1,878	$	—	$	—	$	1,878
Cash and Cash Equivalents - Available-for-sale debt securities with fair value option election		—		39,896		—		39,896
Short term investments - Available-for-sale debt securities with fair value option election		—		107,381		—		107,381
Private Placement Warrants		—		—		33,167		33,167
Derivative Liability - Conversion Option		—		—		115,834		115,834
December 31, 2024
Cash and Cash Equivalents - Money Market Funds		151		—		—		151
Cash and Cash Equivalents - Available-for-sale debt securities with fair value option election		—		34,485		—		34,485
Short term investments - Available-for-sale debt securities with fair value option election		—		40,785		—		40,785
Private Placement Warrants	$	—	$	—	$	28,707	$	28,707

Schedule Of Fair Value Analysis Of Warrants Valuation Assumptions [Table Text Block]

	December 31, 2025			December 31, 2024
	Values			Values
Stock Price	$	16.64		$	15.56
Strike price	$	11.50		$	11.50
Holding Period/Term (years)		0.82			1.82
Volatility		104.50	%		55.90	%
Expected dividends		None			None
Risk-Free Rate		3.52	%		4.23	%
Fair value of warrants	$	8.22		$	6.77

Schedule Of Fair Value Warrant Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table Text Block]

	(in thousands)
Balance as of December 31, 2024	$	28,707
Fair value adjustment of Private Placement Warrants		5,701
Reclassification of warrant liability to common stock warrants		(1,241)
Balance as of December 31, 2025	$	33,167

Schedule Of Fair Value Analysis Of Conversion Option Derivative Liability Valuation Assumptions [Table Text Block]

	December 31,			March 12,
	2025			2025
Stock price volatility (transaction calibrated)		35.0	%		20.4	%
Holding Period/Term (years)		2.5			3.3
Stock price	$	16.64		$	10.27
Risk-free interest rate		3.5	%		4.0	%
Credit rate		CCC-			CCC-
Debt yield (transaction-calibrated)		12.6	%		12.7	%

Schedule Of Fair Value Conversion Option Derivative Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table Text Block]

	(in thousands)
Balance as of December 31, 2024	$	—
Initial recognition of derivative liability		31,999
Fair value adjustment of derivative liability*		83,835
Balance as of December 31, 2025	$	115,834