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WARRANTS (Tables)

3 Months Ended

Mar. 31, 2026

Other Liabilities Disclosure [Abstract]

Schedule of Fair Value of the Stakeholder Warrants

The following table summarizes the fair value of the Stakeholder Warrants and the assumptions used to determine the fair value:

						Cash Exercise Stakeholder Warrants						Net Settle Stakeholder Warrants
Risk-free interest rate (%)						4.29		%				4.42		%
Expected stock price volatility (%)						57.50		%				57.50		%
Expected dividend yield						0.00		%				0.00		%
Expected option life (in years)						4.12						7.19
Fair value per Stakeholder Warrant						$0.47						$0.68

Schedule of Outstanding Stakeholder Warrants and Stakeholder Warrant Shares and Stakeholder Warrants

The following table summarizes outstanding Stakeholder Warrants and Stakeholder Warrant Shares issuable upon the exercise of outstanding Stakeholder Warrants following the distribution:

Cash Exercise Stakeholder Warrants						Cash Exercise Stakeholder Warrant Shares						Net Settle Stakeholder Warrants						Net Settle Stakeholder Warrant Shares						Total Stakeholder Warrants						Total Stakeholder Warrant Shares
35,230,503						7,156,372						35,230,503						7,156,372						70,461,006						14,312,744

The following table summarizes the activity related to Stakeholder Warrants:

						Cash Exercise Stakeholder Warrants						Net Settle Stakeholder Warrants
Outstanding at December 31, 2025						35,213,952						35,169,380
Granted						—						—
Exercised						—						—
Outstanding at March 31, 2026						35,213,952						35,169,380

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- References

No definition available.

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X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

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