Annual report [Section 13 and 15(d), not S-K Item 405]

Capped Call Derivative (Tables)

v3.25.4
Capped Call Derivative (Tables)
12 Months Ended
Dec. 31, 2025
Capped Call Derivative  
Schedule of capped call derivative fair value model assumption

Capped Call Derivative Fair Value Model Assumptions

December 31, 2025

Expected life (years)

5.0

Volatility

49.8% - 70.4%

Risk free rate

3.70%

Expected dividend rate

—%

Exercise prices (capped call floor)

$ 1.73

Exercise prices (capped call ceiling)

$ 2.72

Current market price

$ 1.39