Related Party Transactions

9 Months Ended

Sep. 30, 2026

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Principal Stockholders

Term Debt – In connection with the August 7, 2026, refinancing (as described in Note 10 – Term Debt), the Company paid Renew a $200 closing fee. As of September 30, 2026, the outstanding principal balance on the Term Debt with Renew was $97,691. For the three months ended September 30, 2026 and 2025, the Company paid interest totaling $2,497 and $2,829, respectively. For the nine months ended September 30, 2026 and 2025, the Company paid interest totaling $7,409 and $8,394, respectively.

Simplify Loan – Effective August 7, 2026, in connection with the Company’s refinancing with Renew, the Company terminated the Simplify Loan and canceled the Amended Promissory Note. No principal or accrued and unpaid interest was outstanding at the termination date. Simplify released the liens and security interests securing the facility, and the Company has no further obligations under the Simplify Loan. For the three and nine months ended September 30, 2025, the Company paid interest totaling $7 and $315, respectively, under the Simplify Loan. The Company did not have any loan transactions with Simplify in the three or nine months ended September 30, 2026.

Simplify Revenue – For the three months ended September 30, 2026 and 2025, the Company recognized digital advertising revenue from transactions with Living Essentials, LLC (“Living Essentials”), an affiliated entity of Simplify, totaling $60 and $863, respectively. For the nine months ended September 30, 2026 and 2025, the Company recognized digital advertising revenue from transactions with Living Essentials, totaling $410 and $2,693, respectively. The outstanding accounts receivable due from Living Essentials were $60 as of September 30, 2026 and $193 as of December 31, 2025.

Simplify Expenses – For the three and nine months ended September 30, 2026, the Company recognized a reduction of expenses from transactions with Agency 5, LLC ("Agency 5"), an affiliated entity of Simplify, totaling $0 and $51,

respectively. No transactions were recorded for the three and nine months ended September 30, 2025. The outstanding accounts receivable due from Agency 5 were $0 as of September 30, 2026 and $70 as of December 31, 2025.

Common Stock Owned by Simplify – Based on the Schedule 13D/A filed with the SEC on December 27, 2024 (which is its most recent filing), Simplify owns approximately 71.13% of the outstanding shares of the Company’s common stock. As a result, Simplify has the ability to determine the outcome of any issue submitted to the Company’s stockholders for approval, including the election of directors.

MBX Lease - For the three months ended September 30, 2026 and 2025 and the nine months ended September 30, 2026 and 2025, the Company made lease payments of $171 and $178, respectively, and $514 and $235, respectively. The lease agreement is held by MBX Clearing, LLC ("MBX"), an affiliate of Simplify. Payments were made on behalf of MBX directly to MBX's lessor. The Company is not a party to the lease contract but does occupy a portion of the leased office space.