Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following key assumptions were used to estimate the fair value, presented on a weighted average basis:

	June 30, 2026
Expected volatility	90		%
Expected term (years)	5.91
Risk free interest rate	3.77		%
Expected dividend yield	$	—

Summary of Share-Based Payment Arrangement, Option, Activity

Total option activity for the three and six months ended June 30, 2026 is summarized as follows:

	Number of Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Outstanding as of December 31, 2025	11,107,938	$	1.23	9.8
Granted	106,430	$	1.23	10.0
Forfeited	(851,256)	$	—	—
Outstanding as of June 30, 2026	10,363,112	$	1.23	8.3
Stock options exercisable as of June 30, 2026	4,574,465	$	1.23	8.3
Stock options vested and expected to vest at June 30, 2026	10,363,112	$	1.23	8.3