v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Valuation of the Company's Investments by Fair Value Hierarchy

The following tables summarize the valuation of the Company’s investments by the fair value hierarchy:

 

 

June 30, 2026

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Treasury Securities

 

$

—

 

 

$

299,253

 

 

$

—

 

 

$

299,253

 

Money Market Funds

 

 

—

 

 

 

83,744

 

 

 

—

 

 

 

83,744

 

Total

 

$

—

 

 

$

382,997

 

 

$

—

 

 

$

382,997

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Treasury Securities

 

$

—

 

 

$

46,940

 

 

$

—

 

 

$

46,940

 

Money Market Funds

 

 

—

 

 

 

311,282

 

 

 

—

 

 

 

311,282

 

Total

 

$

—

 

 

$

358,222

 

 

$

—

 

 

$

358,222