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Subsequent Events
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

11. Subsequent Events

 

On January 8, 2026, the Company granted options to purchase 16,668 and 8,335 shares of common stock of the Company to Mr. Frelick, the Company’s Chief Executive Officer, and Ms. Walsh, the Company’s Chief Financial Officer, respectively. The grants were related to 2025 bonus achievements for Mr. Frelick and Ms. Walsh.

 

The grants were made on the condition that (i) the exercise price will be the current market price on the date of the grant; and (ii) the options will be issued with a ten-year maturity. Any portion of this stock option grant that is not exercised on the date of termination shall be forfeited on such date of termination except: (i) in the case of Termination by the Company Without Cause; and (ii) upon a Change in Control (as defined in the Equity Incentive Plan) of the Company.