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Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity |
Schedule of the activity related to the Company's restricted stock and restricted stock unit awards | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted-Average
​ | ​ | Shares/Units | ​ | Grant Fair Value
Unvested at August 1, 2024 | $ | — | ​ | $ | —
Granted | ​ | 426,980 | ​ | ​ | 27.24
Vested | ​ | (39,407) | ​ | ​ | 28.27
Forfeited | ​ | (8,158) | ​ | ​ | 26.47
Unvested at December 31, 2024 | $ | 379,415 | ​ | $ | 27.14
Schedule of assumptions used to calculate grant date fair value of awards | ​
​ | ​ | ​ | ​
​ |  | December 31, 2024
Weighted-average fair value | ​ | $ | 14.46
Dividend yield | ​ | ​ | 0%
Expected volatility of stock | ​ | ​ | 55% to 58%
Risk-free interest rate | ​ | ​ | 3.9% to 4.0%
Expected option life (in years) | ​ | ​ | 6.5 to 7.5
Weighted-average exercise price per share | ​ | $ | 35.93
Schedule of the activity related to the Company's non-qualified stock options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | ​ |  | Weighted-Average |  | ​ | ​
​ | ​ | ​ | Weighted-Average | ​ | Remaining Contractual | ​ | Aggregate Intrinsic
​ | Options |  | Exercise Price |  | Life (years) |  | Value (in thousands)
Outstanding at August 1, 2024 | — | ​ | $ | — | ​ | — | ​ | $ | —
Granted | 478,419 | ​ | ​ | 35.93 | ​ | 9.33 | ​ | ​ | 489
Exercised | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Forfeited or expired | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Outstanding at December 31, 2024 | 478,419 | ​ | $ | 35.93 | ​ | 9.33 | ​ | $ | 489
Exercisable | 14,964 | ​ | ​ | 119.60 | ​ | 1.41 | ​ | ​ | —
Schedule of location of stock-based compensation expense in the condensed consolidated statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​
​ | ​ | Year Ended December 31,
in thousands |  | 2024 |  | 2023 |  | 2022
Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sponsorships, events, and entertainment costs | ​ | $ | 647 | ​ | $ | 528 | ​ | $ | 350
Hospitality costs | ​ | ​ | 100 | ​ | ​ | 130 | ​ | ​ | 19
Operating costs | ​ | ​ | (504) | ​ | ​ | 837 | ​ | ​ | 500
General and administrative | ​ | ​ | 3,095 | ​ | ​ | — | ​ | ​ | —
Total stock-based compensation expense | ​ | $ | 3,338 | ​ | $ | 1,495 | ​ | $ | 869
Schedule of earnings per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
in thousands, except per share data |  | 2024 |  | 2023 |  | 2022
Numerator - Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | $ | (152,625) | ​ | $ | (838,065) | ​ | $ | (111,277)
Preferred distributions to noncontrolling interest in subsidiary | ​ | ​ | (587) | ​ | ​ | — | ​ | ​ | —
Net loss attributable to common stockholders - basic and diluted | ​ | $ | (153,212) | ​ | $ | (838,065) | ​ | $ | (111,277)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding - basic | ​ | ​ | 9,108 | ​ | ​ | 5,522 | ​ | ​ | 5,522
Effect of dilutive securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Weighted average shares outstanding - diluted | ​ | ​ | 9,108 | ​ | ​ | 5,522 | ​ | ​ | 5,522
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share - basic and dilutive | ​ | $ | (16.82) | ​ | $ | (151.77) | ​ | $ | (20.15)
Schedule of shares excluded from the calculation of diluted earnings per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
​ |  | 2024 |  | 2023 |  | 2022
Shares issuable upon exercise of restricted stock and restricted stock units | ​ | ​ | 209,790 | ​ | ​ | 35,101 | ​ | ​ | 35,101
Shares issuable upon exercise of stock options | ​ | ​ | 16,437 | ​ | ​ | 8,501 | ​ | ​ | 8,501

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, 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)(1) -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) -SubTopic 10 -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 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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