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Subsequent Events | 6 Months Ended
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Jun. 30, 2026
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Acquisition In July 2026, following the previously announced termination of the acquisition of W3C Corp. ("W3C"), the Company entered into two novation agreements (the "Novation Agreements") pursuant to which W3C assigned, and the applicable counterparties consented to the assignment of, W3C’s rights and obligations under (i) the Partnership Agreement with TigSiPay, SIA ("TigSiPay"), dated October 2, 2025 (the "Partnership Agreement"), and (ii) the Sale and Purchase Agreement, dated October 1, 2025 (the "Sale and Purchase Agreement" and, together with the Partnership Agreement, the "Agreements"), relating to the acquisition of TigSiPay. Under the Novation Agreements, the Company assumed W3C’s rights and obligations under the Agreements and W3C was released from future obligations thereunder, subject to the terms and conditions of the Novation Agreements. Under the novation of the Sale and Purchase Agreement, the purchase price was increased from €2.95 million to €5.0 million (or approximately $3.4 million to $5.7 million), payable in installments tied to specified milestones, including regulatory approvals and closing. The Company also reimbursed W3C $0.5 million representing a portion of the advance payment previously made by W3C under the original purchase agreement. The acquisition of TigSiPay remains subject to certain closing conditions, including non‑objection by the Bank of Latvia to the required regulatory submissions in connection with the change of control of a Latvian regulated entity and other applicable regulatory approvals. The Company is evaluating the accounting for the transaction, including the allocation of the purchase price, and therefore the financial effects of the transaction have not yet been determined. Restructuring Plan On July 16, 2026, the Board of Directors of the Company approved a restructuring plan (the "2026 Restructuring Plan") that includes a reduction in force. The Company expects to incur approximately $4.6 million to $5.7 million in cash charges in connection with the 2026 Restructuring Plan, primarily consisting of severance and other employee-related costs. In addition, the Company expects to recognize a net non-cash benefit of approximately $0.5 million related to the modification of certain previously granted stock-based awards for employees impacted by the 2026 Restructuring Plan. The majority of these cash payments associated with these costs are expected to be paid over the twelve week period beginning on July 17, 2026. The Company expects the 2026 Restructuring Plan to be substantially complete by the end of the fourth quarter of 2026. The Company’s estimates are subject to a number of assumptions, and actual results may differ materially. The Company may also incur additional costs or charges not currently contemplated due to events that may occur as a result of, or that are associated with, the 2026 Restructuring Plan. Because the restructuring plan was approved subsequent to June 30, 2026, no restructuring charges related to the plan have been recognized in the accompanying condensed consolidated financial statements as of June 30, 2026.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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