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

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Capped Call Derivative Fair Value Model Assumptions

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December 31, 2025

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Expected life (years)

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5.0

Volatility

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49.8% - 70.4%

Risk free rate

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3.70%

Expected dividend rate

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—%

Exercise prices (capped call floor)

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$ 1.73

Exercise prices (capped call ceiling)

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$ 2.72

Current market price

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$ 1.39

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