Quarterly report [Sections 13 or 15(d)]

Conversion Option Derivative (Tables)

v3.26.1
Conversion Option Derivative (Tables)
3 Months Ended
Mar. 31, 2026
Conversion Option Derivative  
Schedule of valuation of conversion option derivative

Conversion Option Derivative Fair Value Model Assumptions

March 31, 2026

December 31, 2025

Expected life (years)

4.8

5.0

Volatility

57.0% - 66.9%

60.0% - 70.4%

Risk free rate

3.9%

3.7%

Expected dividend rate

0.0%

0.0%

Exercise price

$ 1.73

$ 1.73

Market price

$ 1.49

$ 1.39