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Share-Based Compensation and Employee Benefit Plan (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
The following is a summary of the status of the Company’s restricted shares under the Amended and Restated 2020 Plan and changes for the three and six months ended June 30, 2025 and 2024:
Three months ended June 30, 2025:Number of
Shares Awarded
Weighted Average
Grant Date
Fair Value
Unvested at March 31, 2025146,185$2.87
Vested(5,103)$6.86
Forfeited(125,802)$3.08
Unvested at June 30, 202515,280$4.78
Six months ended June 30, 2025:
Unvested at December 31, 2024146,185$2.87
Vested(5,103)$6.86
Forfeited(125,802)$3.08
Unvested at June 30, 202515,280$4.78
Three months ended June 30, 2024Number of
Shares Awarded
Weighted Average
Grant Date
Fair Value
Unvested at March 31, 202427,665$5.24
Granted81,174$3.79
Unvested at June 30, 2024108,839$4.16
Six months ended June 30, 2024:
Unvested at December 31, 202317,506$6.09
Granted91,333$3.79
Unvested at June 30, 2024108,839$4.16
The following is a summary of the status of the Company’s restricted stock units under the 2025 Plan and changes for the three and six months ended June 30, 2025:
Three months ended June 30, 2025:Number of
Restricted Stock Unites
Weighted Average
Grant Date
Fair Value
Unvested at March 31, 20254,049,593$1.00
Granted4,127,927$1.00
Vested(1,012,398)$1.00
Unvested at June 30, 20257,165,122$1.00
Six months ended June 30, 2025:Number of
Restricted Stock Unites
Weighted Average
Grant Date
Fair Value
Unvested at December 31, 2024— $—
Granted8,177,520$1.00
Vested(1,012,398)$1.00
Unvested at June 30, 20257,165,122$1.00