Litigation – From time to time, the Company is subject to various legal proceedings arising from normal business operations. Based on management’s knowledge, the Company does not expect the outcome of such currently pending or threatened proceedings, either individually or in the aggregate, to have a material effect on its financial position, cash flows or results of operations.

Termination Expenses (Austria) – In May 2026, the Company provided notices of termination to two executives of the Company. The notices of termination were effective May 15, 2026, and each employee will remain employed by the Company through September 15, 2026 pursuant to local notice requirements.

Each termination is being deemed a termination without cause under the respective executive’s employment agreement. In connection with their separations, subject to each executive entering into a customary release, each executive is entitled to payments and benefits for a termination without cause. Termination expenses were recorded to general and administrative expenses on the Company’s condensed consolidated statements of loss for the three and six months ended June 30, 2026.

A reconciliation of the liability in connection with the terminations as of June 30, 2026 is presented below.


Amounts in thousands
Balance as of January 1, 2026	$	—
Termination expenses		1,250
Currency translation		(26)
Balance as of June 30, 2026	$	1,224