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Share-Based Compensation | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation Market-based Performance NQSOs On March 5, 2025, the Company granted options to purchase a total of 466 ordinary shares with market conditions to executive officers. The options shall vest, if at all, in four equal increments if the volume-weighted average price of the Company’s ordinary shares during any 30-calendar day period over the five years after the grant date exceeds $11.00, $14.00, $17.00 and $19.09, respectively. The weighted average grant-date fair value per share of the market-based NQSOs was $6.15. As of June 30, 2025, all market-based NQSOs were still outstanding. Share-based compensation expense related to market-based NQSOs was approximately $1,000 for the three months ended June 30, 2025 and $1,300 for the six months ended June 30, 2025.

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