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Stock Based Compensation (Tables)

12 Months Ended

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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- References

No definition available.

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- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
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-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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