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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On October 14, 2025, the Company’s outstanding Public Warrants and Private Placement Warrants expired in accordance with their stated terms. Each Warrant had entitled the holder to purchase one share of the Company’s common stock at an exercise price of $11.50 per share. At the time of expiration, the Warrants were out of the money, and their estimated fair value was zero. As a result, the expiration of the Warrants did not have any impact on the Company’s consolidated financial statements. Refer to Note 6 - Stockholders' Equity for additional information.
On November 11, 2025, the Board declared a regular quarterly cash dividend of $0.08 per share of common stock, equivalent to $0.32 per share of common stock on an annual basis. The cash dividend will be paid on December 19, 2025, to all holders of record of common stock at the close of business on December 5, 2025. This cash dividend of approximately $4.7 million is expected to be paid from available cash on hand.