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Share-based compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Stock Option Activity | The following table summarizes the activity relating to the Company’s stock options:
| Stock options |  | Weighted-Average per Share Exercise Price
Outstanding, December 31, 2022 | 870,567 |  |  | $ | 2.81 |
Granted | 3,350,000 |  |  | 11.38 |
Exercised | (2,053) |  |  | 2.81 |
Forfeited | (332,266) |  |  | 8.37 |
Outstanding, December 31, 2023 | 3,886,248 |  |  | $ | 9.72 |
Granted | 1,806,000 |  |  | 6.97 |
Exercised | (25,954) |  |  | 2.81 |
Forfeited | (634,991) |  |  | 8.54 |
Outstanding, December 31, 2024 | 5,031,303 |  |  | $ | 8.92 |
Options exercisable at December 31, 2024 | 1,052,383 |  |  | $ | 8.67 |
Assumptions used to determine Grant Date Fair Value of Stock | The following table presents the assumptions used in the Black-Scholes option-pricing model to determine the grant date fair value of stock options issued during the years ended December 31, 2024 and 2023 and the fair value of stock options replaced on the replacement date adjusted by the Exchange Ratio:
Inputs | Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | March 30, 2023 |  |
Risk-free interest rate | 4.50% - 4.68% |  | 3.97% - 4.83% |  | 3.77 | % |  |
Expected volatility | 47 | % |  | 40 | % |  | 40 | % |  |
Expected dividend yield | —% |  | — | % |  | — | % |  |
Expected life (in years) | 6.00 - 6.25 |  | 6.25 |  | 5.10 |  |
Fair value of options | $3.35 - $3.65 |  | $2.96 - $5.38 |  | $10.41 |  |
Time-Based Restricted Stock Unit Activity | The following table summarizes the activity relating to the Company’s RSUs:
| Shares |  | Weighted-Average Grant Date Fair Value Per Unit
Outstanding, December 31, 2022 | — |  |  | $ | — |
Granted | 73,992 |  |  | 6.59 |
Exercised | — |  |  | — |
Forfeited | (9,399) |  |  | 6.59 |
Outstanding, December 31, 2023 | 64,593 |  |  | $ | 6.59 |
Granted | 65,700 |  |  | 7.02 |
Exercised | (29,260) |  |  | 6.86 |
Forfeited | (6,033) |  |  | 6.74 |
Outstanding, December 31, 2024 | 95,000 |  |  | $ | 6.79 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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 + Details
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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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