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Stock Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2025
Stock Based Compensation |
Summary of stock based compensation | A summary of the status of the Company’s equity-based awards and activity as of December 31, 2025 is presented below with the comparative 2024 year having no restricted stock or stock options issued.
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​
​ | Outstanding | ​ | Weighted-Average
​ | Restricted | ​ | Grant Date
​ | Shares | ​ ​ ​ ​ | Fair Value
Balance at December 31, 2024 | — | ​ | $ | —
Granted | 6,418,775 | ​ | ​ | 15.00
Vested | (32,616) | ​ | ​ | —
Exercised | — | ​ | ​ | —
Forfeited, expired or canceled | (55,855) | ​ | ​ | —
Balance December 31, 2025 | 6,330,304 | ​ | $ | 15.00
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Weighted-Average | ​ | ​ | ​
​ | ​ | ​ | Weighted-Average | ​ | Remaining | ​ | Aggregate
​ | Stock Options | ​ | Grant | ​ | Contractual Term | ​ | Intrinsic Value
​ | Outstanding | ​ ​ ​ ​ | Exercise Price | ​ | (Years) | ​ ​ ​ ​ | (in thousands)
Balance at December 31, 2024 | — | ​ | $ | — | ​ | — | ​ | $ | —
Granted | 477,542 | ​ | ​ | 24.84 | ​ | ​ | ​ | ​ | ​
Vested | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​
Exercised | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​
Forfeited, expired or canceled | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​
Balance December 31, 2025 | 477,542 | ​ | $ | 24.84 | ​ | 9.2 | ​ | $ | 580.2

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