XML 39 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders’ Deficit - USD ($)
$ in Thousands
Total
Series A-1 Convertible Preferred Stock
Series A-2 Convertible Preferred Stock
Series B Convertible Preferred Stock
Class A Common Stock
Class B Common Stock
Preferred Stock
Common Stock
Common Stock
Conversion of convertible preferred stock into common stock and pre-funded warrants in connection with the reverse merger
Common Stock
Conversion of Class A common stock into common stock and related change in par value
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Conversion of Class A common stock into common stock and related change in par value
Common Stock
Class B Common Stock
Additional Paid- In Capital
Additional Paid- In Capital
Conversion of convertible preferred stock into common stock and pre-funded warrants in connection with the reverse merger
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022   18,604,653 13,291,208 74,405,719                        
Beginning balance at Dec. 31, 2022   $ 34,414 $ 28,675 $ 181,277                        
Increase (Decrease) in Temporary Equity [Roll Forward]                                
Additional convertible preferred stock issued in conjunction with anti-dilution adjustment (in shares)   1,890,302 1,350,436 10,264,533                        
Conversion of convertible preferred stock into common stock and pre-funded warrants in connection with the reverse merger (in shares)   (20,494,955) (14,641,644) (84,670,252)                        
Conversion of convertible preferred stock into common stock and pre-funded warrants in connection with the reverse merger   $ (34,414) $ (28,675) $ (181,277)                        
Ending balance at Dec. 31, 2023   $ 0 $ 0 $ 0                        
Ending balance (in shares) at Dec. 31, 2023   0 0 0                        
Beginning balance (in shares) at Dec. 31, 2022             0                  
Beginning balance (in shares) at Dec. 31, 2022               0     428,334   0      
Beginning balance at Dec. 31, 2022 $ (145,739)           $ 0 $ 0     $ 0   $ 0 $ 5,098   $ (150,837)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Class A common stock issued upon exercise of stock options                           1,418    
Class A common stock issued upon exercise of stock options (in shares)                     20,348          
Class A common stock issued upon exercise of stock options 168                         168    
Conversion of convertible preferred stock into common stock and pre-funded warrants in connection with the reverse merger (in shares)                 7,231,747 3,240,888   (3,240,888)        
Conversion of convertible preferred stock into common stock and pre-funded warrants in connection with the reverse merger 244,366                           $ 244,366  
Issuance of Class A common stock and pre-funded warrants in the pre-closing financing, net of $6,946 offering costs (in shares)                     2,792,206          
Issuance of Class A common stock and pre-funded warrants in the pre-closing financing, net of $6,946 offering costs 88,056                         88,056    
Transactions costs associated with the reverse merger (4,140)                         (4,140)    
Issuance of common stock and pre-funded warrants to former stockholders of Neoleukin Therapeutics, Inc. in connection with the reverse merger (in shares)               2,351,030                
Issuance of common stock and pre-funded warrants to former stockholders of Neoleukin Therapeutics, Inc. in connection with the reverse merger 38,212                         38,212    
Net loss (36,317)                             (36,317)
Ending balance at Dec. 31, 2023 $ 186,024           $ 0 $ 0     $ 0   $ 0 373,178   (187,154)
Ending balance (in shares) at Dec. 31, 2023 12,823,665             12,823,665     0   0      
Ending balance (in shares) at Dec. 31, 2023 0           0                  
Beginning balance (in shares) at Dec. 31, 2022   18,604,653 13,291,208 74,405,719                        
Beginning balance at Dec. 31, 2022   $ 34,414 $ 28,675 $ 181,277                        
Beginning balance (in shares) at Dec. 31, 2022             0                  
Beginning balance (in shares) at Dec. 31, 2022               0     428,334   0      
Beginning balance at Dec. 31, 2022 $ (145,739)           $ 0 $ 0     $ 0   $ 0 5,098   (150,837)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net loss         $ (49,971) $ 0                    
Ending balance (in shares) at Dec. 18, 2023         12,823,665                      
Ending balance at Dec. 31, 2023   $ 0 $ 0 $ 0                        
Ending balance (in shares) at Dec. 31, 2023   0 0 0                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net loss 13,654                              
Ending balance at Dec. 31, 2023 $ 186,024           $ 0 $ 0     $ 0   $ 0 373,178   (187,154)
Ending balance (in shares) at Dec. 31, 2023 12,823,665             12,823,665     0   0      
Ending balance (in shares) at Dec. 31, 2023 0           0                  
Ending balance at Dec. 31, 2024   $ 0 $ 0 $ 0                        
Ending balance (in shares) at Dec. 31, 2024   0 0 0                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Class A common stock issued upon exercise of stock options                           8,320    
Class A common stock issued upon exercise of stock options (in shares) 92,653             92,653                
Class A common stock issued upon exercise of stock options $ 1,676                         1,676    
Issuance of Class A common stock and pre-funded warrants in the pre-closing financing, net of $6,946 offering costs (in shares)               1,835,000                
Issuance of Class A common stock and pre-funded warrants in the pre-closing financing, net of $6,946 offering costs 189,499                         189,499    
Shares issued upon the exercise of pre-funded warrants (in shares)               103,407                
Net loss (75,144)                             (75,144)
Ending balance at Dec. 31, 2024 $ 310,375           $ 0 $ 0     $ 0   $ 0 $ 572,673   $ (262,298)
Ending balance (in shares) at Dec. 31, 2024 14,854,725             14,854,725     0   0      
Ending balance (in shares) at Dec. 31, 2024 0           0