DEBT (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Components of The Amended Term Loan

The following table summarizes the components of the amended term loan facility, on the Company’s consolidated balance sheets at December 31, 2025 and 2024:


	December 31,
	2025		2024
	(in thousands)
Gross proceeds outstanding	$	50,000	$	20,000
Accrued end-of-term fees	400		582
Unamortized debt issuance costs	(460)		—
Carrying value	$	49,940	$	20,582

The following table summarizes the activity of the liability related to the sale of future revenue for the year ended December 31, 2025 (in thousands):


Proceeds from the sale of future revenue	$	55,000
Initial fair value of derivative liability	(19,330)
Issuance costs	(3,231)
Non-cash interest expense recognized	1,805
Liability related to the sale of future revenue	$	34,244

Schedule of Future Principal Payments of Debt

Future principal payments, which exclude the end-of-term fee as of December 31, 2025 are as follows (in thousands):


Fiscal Year	Principal Payments
2026	—
2027	—
2028	—
2029	11,102
2030	38,898
Total	$	50,000

- 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

Viridian Therapeutics, Inc.\DE 10-K