XML 26 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity - USD ($)
$ in Thousands
Total
Conversion Of Series A Non-Voting Convertible Preferred Stock
Series B Non-Voting Convertible Preferred Stock
Series A Non Voting Convertible Preferred StockSeries A Non Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Series A Non Voting Convertible Preferred StockSeries A Non Voting Convertible Preferred Stock
Common Stock
Common Stock
Conversion Of Series A Non-Voting Convertible Preferred Stock
Common Stock
Conversion Of Pre-Funded Warrants
Additional Paid-in Capital
Additional Paid-in Capital
Conversion Of Series A Non-Voting Convertible Preferred Stock
Accumulated Other Comprehensive (Loss) Income
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2020     0                  
Beginning balance at Dec. 31, 2020     $ 0                  
Ending balance (in shares) at Dec. 31, 2021     0                  
Ending balance at Dec. 31, 2021     $ 0                  
Beginning balance (in shares) at Dec. 31, 2020         0              
Beginning balance (in shares) at Dec. 31, 2020           1,918,000            
Beginning balance at Dec. 31, 2020 $ 139,832       $ 0 $ 5     $ 415,824   $ 11 $ (276,008)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock upon conversion (in shares)           40,000            
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)           16,000            
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 1,903               1,903      
Stock-based compensation expense 8,038               8,038      
Foreign currency translation adjustment (1)                   (1)  
Unrealized gain (loss) on marketable securities (30)                   (30)  
Net loss (65,801)                     (65,801)
Ending balance (in shares) at Dec. 31, 2021         0              
Ending balance (in shares) at Dec. 31, 2021           1,974,000            
Ending balance at Dec. 31, 2021 83,941       $ 0 $ 5     425,765   (20) (341,809)
Ending balance (in shares) at Dec. 31, 2022     0                  
Ending balance at Dec. 31, 2022     $ 0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs (in shares)           430,000            
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs 42,874         $ 1     42,873      
Issuance of common stock upon conversion (in shares)           204,000            
Issuance of common stock in connection with employee stock purchase plan (in shares)           6,000            
Issuance of common stock in connection with employee stock purchase plan 222               222      
Stock-based compensation expense 7,111               7,111      
Foreign currency translation adjustment (35)                   (35)  
Unrealized gain (loss) on marketable securities 7                   7  
Net loss $ (83,815)                     (83,815)
Ending balance (in shares) at Dec. 31, 2022       0 0              
Ending balance (in shares) at Dec. 31, 2022 2,614,014         2,614,000            
Ending balance at Dec. 31, 2022 $ 50,305       $ 0 $ 6     475,971   (48) (425,624)
Series B Non-Voting Convertible Preferred Stock                        
Issuance of Series B non-voting convertible preferred stock in connection with private placement, net of financing costs (in shares)     150,000                  
Issuance of Series B non-voting convertible preferred stock in connection with private placement, net of financing costs     $ 84,555                  
Ending balance (in shares) at Dec. 31, 2023     150,000                  
Ending balance at Dec. 31, 2023     $ 84,555                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock upon conversion (in shares)         (649,000)   25,972,000 905,000        
Issuance of common stock upon conversion   $ 0     $ (202,178)   $ 3     $ 202,175    
Issuance of Series A non-voting convertible preferred stock in connection with private placement, net of financing costs (in shares)         721,000              
Issuance of Series A non-voting convertible preferred stock in connection with private placement, net of financing costs 197,364       $ 197,364              
Issuance of Series A non-voting convertible preferred stock in connection with the asset acquisition of Spyre and settlement of related forward contract (in shares)         365,000              
Issuance of Series A non-voting convertible preferred stock in connection with the asset acquisition of Spyre and settlement of related forward contract 189,741       $ 189,741              
Issuance of common stock in connection with private placement, net of financing costs (in shares)           6,000,000            
Issuance of common stock in connection with private placement, net of financing costs 84,555               84,555      
Issuance of common stock in connection with the asset acquisition of Spyre (in shares)           518,000            
Issuance of common stock in connection with the asset acquisition of Spyre 3,768         $ 1     3,767      
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)           48,000            
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 405               405      
CVR distribution to common stockholders (29,500)               (29,500)      
Stock-based compensation expense 14,347               14,347      
Issuance of Parapyre Option Obligation warrants 11,471               11,471      
Foreign currency translation adjustment 37                   37  
Unrealized gain (loss) on marketable securities 313                   313  
Net loss $ (338,790)                     (338,790)
Ending balance (in shares) at Dec. 31, 2023       437,037 437,000              
Ending balance (in shares) at Dec. 31, 2023 36,057,109         36,057,000            
Ending balance at Dec. 31, 2023 $ 184,016       $ 184,927 $ 10     $ 763,191   $ 302 $ (764,414)