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Related-Party Transactions
 9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

Note 17 Related-Party Transactions

Leasing Arrangements

During each of the three and nine months ended September 30, 2025, the Company paid $0.1 million and $0.3 million, respectively, under lease agreements with PCJW, which is controlled by the Company's founders (including the Company's current CEO), for general office space in Los Angeles, California. During the three and nine months ended September 30, 2024, the Company paid $0.1 million and $0.3 million, respectively, under the lease agreements with PCJW.

The following is a schedule of future minimum rental payments as of September 30, 2025 under Company’s sublease for the properties located in Los Angeles, California, signed with PCJW (in thousands):

 

Year

 

Related-Party Commitment

 

2025 (remaining)

 

$

97

 

2026

 

 

79

 

2027

 

 

83

 

2028

 

 

71

 

Total minimum lease payments

 

$

330

 

Less: imputed interest

 

$

(35

)

Total lease liabilities

 

$

295

 

 

The related-party components of the lease right-of-use assets, lease liabilities, short-term, and lease liabilities, long-term are presented as part of the right-of-use asset and lease liability on the condensed consolidated balance sheets.

 

Debt Facility

Brendan Carroll, a Senior Partner at Victory Park Capital Advisors, LLC ("VPC"), joined the board of directors of the Company upon closing of the Business Combination. Interest expense related to the Debt Facility totaled $1.8 million and $5.3 million for the three and nine months ended September 30, 2025, respectively. For more information about the Debt Facility with VPC, refer to Note 11, Debt Facility.

 

Legal Services

The law firm of Mitchell Sandler LLC, of which the Company's director Andrea Mitchell is a partner, provided legal services to the Company, which totaled $0.2 million and $0.8 million for the three and nine months ended September 30, 2025.