XML 133 R76.htm IDEA: XBRL DOCUMENT v3.25.3
MEZZANINE EQUITY (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Aug. 28, 2025
USD ($)
$ / shares
Aug. 28, 2025
USD ($)
$ / shares
Aug. 28, 2025
USD ($)
$ / shares
Aug. 28, 2025
USD ($)
member
$ / shares
Aug. 28, 2025
USD ($)
$ / shares
Aug. 01, 2022
USD ($)
$ / shares
shares
Aug. 31, 2025
USD ($)
member
Sep. 30, 2025
USD ($)
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2025
USD ($)
person
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Aug. 31, 2022
shares
Class of Stock [Line Items]                          
Mezzanine equity, shares outstanding (in shares) | shares                 1,467,000   1,467,000    
Modification of Series A convertible preferred stock | $ [1]                   $ 27,867 $ 0    
Dividends paid | $ [1]                   $ 23,301 20,588    
Percentage of voting right (as a percent)                   50.00%      
Rockstar                          
Class of Stock [Line Items]                          
Mezzanine equity, par value (in USD per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001                
Aggregate purchase price in cash | $ $ 585,000 $ 585,000 $ 585,000 $ 585,000 $ 585,000   $ 585,000            
Number of members designated, subject to ownership thresholds | member       2                  
Number of additional members designated | member       1     1            
Series A Convertible Preferred Stock                          
Class of Stock [Line Items]                          
Mezzanine equity, shares outstanding (in shares) | shares               1,466,666   1,466,666   1,466,666  
Mezzanine equity, shares issued (in shares) | shares               1,466,666   1,466,666   1,466,666 1,500,000
Mezzanine equity, par value (in USD per share)               $ 0.001   $ 0.001   $ 0.001  
Temporary equity, stated value (in USD per share)               375.00   $ 375.00   $ 375.00  
Issuance of preferred stock fair value | $           $ 832,500              
Aggregate fair value (in USD per share)           $ 567.61              
Debt issuance costs | $           $ 8,000              
Effective percentage of debt instrument (as a percent)           12.50%              
Dividend rate (as a percent)                   5.00%      
Modification of Series A convertible preferred stock | $                   $ 27,900      
Change in fair value (in USD per share)               $ 19.00   $ 19.00      
Liquidation preference | $               $ 550,000   $ 550,000   $ 550,000  
Dividends paid | $               $ 6,900 $ 6,900 $ 20,600 $ 20,600    
Dividends per share, declared (in USD per share)               $ 4.73 $ 4.71 $ 14.03 $ 14.04    
Conversion price (in USD per share)               $ 25.00   $ 25.00      
Conversion ratio               0.07   0.07      
Convertible shares issued (in shares) | shares               22,000,000   22,000,000      
Series A Convertible Preferred Stock | Rockstar                          
Class of Stock [Line Items]                          
Mezzanine equity, shares issued (in shares) | shares           1,466,666              
Series A Convertible Preferred Stock | Price Volatility                          
Class of Stock [Line Items]                          
Preferred stock, measurement input           0.450              
Series A Convertible Preferred Stock | Risk Free Interest Rate                          
Class of Stock [Line Items]                          
Preferred stock, measurement input           0.027              
Series A Convertible Preferred Stock | Expected Dividend Rate                          
Class of Stock [Line Items]                          
Preferred stock, measurement input           0.050              
Series A Convertible Preferred Stock | Share Price                          
Class of Stock [Line Items]                          
Preferred stock, measurement input           98.87              
Series B Convertible Preferred Stock                          
Class of Stock [Line Items]                          
Mezzanine equity, shares outstanding (in shares) | shares               390,000   390,000   0  
Mezzanine equity, shares issued (in shares) | shares               390,000   390,000   0  
Mezzanine equity, par value (in USD per share)               $ 0.001   $ 0.001   $ 0.001  
Temporary equity, stated value (in USD per share)               $ 1,500   $ 1,500   $ 1,500  
Issuance of preferred stock fair value | $     $ 908,000                    
Aggregate fair value (in USD per share) $ 2,328.21 $ 2,328.21 $ 2,328.21 $ 2,328.21 $ 2,328.21                
Liquidation preference | $               $ 585,000   $ 585,000      
Dividends paid | $               $ 2,700          
Dividends per share, declared (in USD per share)               $ 6.99          
Conversion price (in USD per share)               $ 51.75   $ 51.75      
Conversion ratio               0.03   0.03      
Convertible shares issued (in shares) | shares               11,300,000   11,300,000      
Series B Convertible Preferred Stock | Price Volatility                          
Class of Stock [Line Items]                          
Preferred stock, measurement input         0.600                
Series B Convertible Preferred Stock | Risk Free Interest Rate                          
Class of Stock [Line Items]                          
Preferred stock, measurement input         0.039                
Series B Convertible Preferred Stock | Expected Dividend Rate                          
Class of Stock [Line Items]                          
Preferred stock, measurement input         0.050                
Series B Convertible Preferred Stock | Probability Rate                          
Class of Stock [Line Items]                          
Preferred stock, measurement input 0.90       0.90                
Series B Convertible Preferred Stock | Share Price                          
Class of Stock [Line Items]                          
Preferred stock, measurement input   59.69                      
Eight Percentage                          
Class of Stock [Line Items]                          
Dividend rate (as a percent)                   8.00%      
Ten Percentage                          
Class of Stock [Line Items]                          
Dividend rate (as a percent)                   10.00%      
Twelve Percentage                          
Class of Stock [Line Items]                          
Dividend rate (as a percent)                   12.00%      
Securities Purchase Agreement                          
Class of Stock [Line Items]                          
Number of members designated, subject to ownership thresholds | person                   2      
Number of additional members designated | person                   1      
Securities Purchase Agreement | Series A Convertible Preferred Stock                          
Class of Stock [Line Items]                          
Cash to related party | $           $ 550,000              
Securities Purchase Agreement | Series B Convertible Preferred Stock                          
Class of Stock [Line Items]                          
Common stock, reduction trigger (in shares) | shares               31,600,000   31,600,000      
Common stock, termination trigger (in shares) | shares               11,000,000   11,000,000      
[1] [1]  Amounts in this line item are associated with a related party for all periods presented. The non-cash proceeds were used for the ASC 606 upfront payment to
customer and the Rockstar purchase consideration as part of the Pepsi Transactions, see Note 5. Acquisitions.