XML 151 R74.htm IDEA: XBRL DOCUMENT v3.26.1
Warrant liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Warrant Liabilities [Abstract]  
Disclosure of significant unobservable inputs used in fair value measurement of equity
The following table summarizes the key assumptions used in the valuation of warrant liabilities classified within Level 3 of the fair value hierarchy:
2025
Fair value of private placement warrants and key assumptions
Valuation techniqueBinomial / Monte Carlo
Exercise price
$16.08 - $32.16
Expected volatility
87% - 89%
Risk-free interest rate
3.6% - 3.7%
Expected term (years)
2.25 - 4.83
Dividend yield— %
Summary of movement in warrant liabilities
Movement of the carrying amount of warrant liabilities measured using Level 1 inputs during the years ended December 31, 2025 and 2024 are as follow:
20252024
Balance at January 1$175 $224 
Change in fair value recognized in profit or loss492 (49)
Balance at December 31$667 $175 
Movement of the carrying amount of warrant liabilities measured using Level 3 inputs during the years ended December 31, 2025 is as follow:
Class A warrantsClass B warrantsClass C warrantsPlacement agent warrantsTotal
Balance at January 1$— $— $— $— $— 
Issuance of warrants19,766 18,024 — 1,068 38,858 
Warrants exchange(26,012)(23,982)13,337 — (36,657)
Change in fair value recognized in profit or loss9,821 9,240 (1,983)373 17,451 
Balance at December 31$3,575 $3,282 $11,354 $1,441 $19,652