Short-term investments

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Short-term investments consist of U.S. Treasury Bills that have maturities exceeding three months and less than twelve months at the time of purchase and are stated at amortized cost. The Company classifies short-term investments as held-to-maturity based on the Company's intent to hold the short-term investment to maturity. The Company does not hold any

short-term investments as of December 31, 2025. The Predecessor's short-term investments are summarized below (in thousands):


	December 31, 2024
Expiration	Amortized Cost		Cost Basis		Accumulated Accretion		Fair Value
1/31/2025	$	4,243	$	4,177	$	66	$	4,243
2/28/2025	4,163		4,149		14		4,163
3/31/2025	4,202		4,167		35		4,202
4/15/2025	4,147		4,128		19		4,147
Total	$	16,755	$	16,621	$	134	$	16,755