Debt Arrangements (Tables)

12 Months Ended

Dec. 31, 2025

The Company’s debt arrangements consist of the following as of the periods presented:


	December 31, 2025			December 31, 2024
Structural Capital term loan with an interest rate at the greater of 13.5% or the prime rate plus 7.0%, matured on February 28, 2025	$	—		$	10,000
Highbridge Capital term loan with an interest rate of 16% or 13% per annum, subject to certain conditions, maturing on July 31, 2026 (see Note 17)		46,894			40,000
MidCap Financial revolving credit facility with an interest rate of Term SOFR plus 4.5%, maturing on the earlier of (a) February 26, 2028 or (b) 120 days prior to the maturity of the Highbridge Capital term loan, or April 2, 2026 (see Note 17)		13,288			—
2022 convertible promissory notes with an interest rate of 15.0% per annum, matured on June 30, 2024		4,257			4,257
Total principal debt		64,439			54,257
Less: current portion (1)		(64,439	)		(14,257	)
Less: debt issuance costs and discounts, long-term		—			(117	)
Total long-term debt, net	$	—		$	39,883

(1) Excludes debt issuance costs and discounts of $1,133 as of December 31, 2025.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

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