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Condensed Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity - USD ($)
$ in Thousands
Total
Series A Non Voting Convertible Preferred Stock
Series B Non Voting Convertible Preferred Stock
Preferred Stock
Series A Non Voting Convertible Preferred Stock
Preferred Stock
Series B Non Voting Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022       0          
Beginning balance at Dec. 31, 2022       $ 0          
Ending balance (in shares) at Mar. 31, 2023       0          
Ending balance at Mar. 31, 2023       $ 0          
Beginning balance, common stock (in shares) at Dec. 31, 2022           2,614,000      
Beginning balance at Dec. 31, 2022 $ 50,305         $ 6 $ 475,971 $ (48) $ (425,624)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with employee stock purchase plan (in shares)           2,000      
Issuance of common stock in connection with employee stock purchase plan 18           18    
Stock-based compensation expense 1,709           1,709    
Foreign currency translation adjustment 10             10  
Unrealized gain (loss) on marketable securities 32             32  
Net loss (18,422)               (18,422)
Ending balance, common stock (in shares) at Mar. 31, 2023           2,616,000      
Ending balance at Mar. 31, 2023 33,652         $ 6 477,698 (6) (444,046)
Beginning balance (in shares) at Dec. 31, 2022       0          
Beginning balance at Dec. 31, 2022       $ 0          
Ending balance (in shares) at Sep. 30, 2023       1,086,000          
Ending balance at Sep. 30, 2023       $ 387,105          
Beginning balance, common stock (in shares) at Dec. 31, 2022           2,614,000      
Beginning balance at Dec. 31, 2022 50,305         $ 6 475,971 (48) (425,624)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Foreign currency translation adjustment (1)                
Unrealized gain (loss) on marketable securities (83)                
Net loss (275,610)                
Ending balance, common stock (in shares) at Sep. 30, 2023           4,049,000      
Ending balance at Sep. 30, 2023 (245,402)         $ 7 455,957 (132) (701,234)
Beginning balance (in shares) at Mar. 31, 2023       0          
Beginning balance at Mar. 31, 2023       $ 0          
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Issuance of Series A/B non-voting convertible preferred stock in connection with private placement, net of financing costs (in shares)       721,000          
Issuance of Series A/B non-voting convertible preferred stock in connection with private placement, net of financing costs       $ 197,323          
Ending balance (in shares) at Jun. 30, 2023       721,000          
Ending balance at Jun. 30, 2023       $ 197,323          
Beginning balance, common stock (in shares) at Mar. 31, 2023           2,616,000      
Beginning balance at Mar. 31, 2023 33,652         $ 6 477,698 (6) (444,046)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock forward in connection with the asset acquisition of Spyre 3,768           3,768    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)           624,000      
CVR distribution to common stockholders (29,500)           (29,500)    
Stock-based compensation expense 1,775           1,775    
Foreign currency translation adjustment 18             18  
Unrealized gain (loss) on marketable securities (1)             (1)  
Net loss (217,081)               (217,081)
Ending balance, common stock (in shares) at Jun. 30, 2023           3,240,000      
Ending balance at Jun. 30, 2023 (207,369)         $ 6 453,741 11 (661,127)
Increase (Decrease) in Temporary Equity [Roll Forward]                  
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          
Settlement of financing costs in connection with private placement of Series A non-voting convertible preferred stock       $ 41          
Ending balance (in shares) at Sep. 30, 2023       1,086,000          
Ending balance at Sep. 30, 2023       $ 387,105          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)           10,000      
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 105           105    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)           281,000      
Issuance of common stock in connection with the asset acquisition of Spyre and settlement of related forward contract (in shares)           518,000      
Issuance of common stock in connection with the asset acquisition of Spyre and settlement of related forward contract 0         $ 1 (1)    
Stock-based compensation expense 2,112           2,112    
Foreign currency translation adjustment (29)             (29)  
Unrealized gain (loss) on marketable securities (114)             (114)  
Net loss (40,107)               (40,107)
Ending balance, common stock (in shares) at Sep. 30, 2023           4,049,000      
Ending balance at Sep. 30, 2023 (245,402)         $ 7 455,957 (132) (701,234)
Beginning balance (in shares) at Dec. 31, 2023     150,000   150,000        
Beginning balance at Dec. 31, 2023     $ 84,555   $ 84,555        
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Issuance of Series A/B non-voting convertible preferred stock in connection with private placement, net of financing costs (in shares)         122,000        
Issuance of Series A/B non-voting convertible preferred stock in connection with private placement, net of financing costs         $ 168,850        
Ending balance (in shares) at Mar. 31, 2024         272,000        
Ending balance at Mar. 31, 2024         $ 253,405        
Beginning balance, preferred stock (in shares) at Dec. 31, 2023   437,037   437,000 0        
Beginning balance, common stock (in shares) at Dec. 31, 2023           36,057,000      
Beginning balance at Dec. 31, 2023 184,016     $ 184,927 $ 0 $ 10 763,191 302 (764,414)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)           572,000      
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 4,390           4,390    
Stock-based compensation expense 8,385           8,385    
Foreign currency translation adjustment 16             16  
Unrealized gain (loss) on marketable securities (681)             (681)  
Net loss (43,857)               (43,857)
Ending balance, preferred stock (in shares) at Mar. 31, 2024       437,000 0        
Ending balance, common stock (in shares) at Mar. 31, 2024           36,629,000      
Ending balance at Mar. 31, 2024 152,269     $ 184,927 $ 0 $ 10 775,966 (363) (808,271)
Beginning balance (in shares) at Dec. 31, 2023     150,000   150,000        
Beginning balance at Dec. 31, 2023     $ 84,555   $ 84,555        
Ending balance (in shares) at Sep. 30, 2024         0        
Ending balance at Sep. 30, 2024     $ 0   $ 0        
Beginning balance, preferred stock (in shares) at Dec. 31, 2023   437,037   437,000 0        
Beginning balance, common stock (in shares) at Dec. 31, 2023           36,057,000      
Beginning balance at Dec. 31, 2023 184,016     $ 184,927 $ 0 $ 10 763,191 302 (764,414)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Foreign currency translation adjustment 37                
Unrealized gain (loss) on marketable securities 1,118                
Net loss (151,722)                
Ending balance, preferred stock (in shares) at Sep. 30, 2024   346,045 16,667 346,000 17,000        
Ending balance, common stock (in shares) at Sep. 30, 2024           51,396,000      
Ending balance at Sep. 30, 2024 327,390     $ 146,425 $ 9,395 $ 12 1,086,237 1,457 (916,136)
Beginning balance (in shares) at Mar. 31, 2024         272,000        
Beginning balance at Mar. 31, 2024         $ 253,405        
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock (in shares)         (272,000)        
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock         $ (253,405)        
Ending balance (in shares) at Jun. 30, 2024         0        
Ending balance at Jun. 30, 2024         $ 0        
Beginning balance, preferred stock (in shares) at Mar. 31, 2024       437,000 0        
Beginning balance, common stock (in shares) at Mar. 31, 2024           36,629,000      
Beginning balance at Mar. 31, 2024 152,269     $ 184,927 $ 0 $ 10 775,966 (363) (808,271)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shareholder approval of conversion of Series B Convertible Non-Voting Preferred Stock to Common Stock (in shares)         272,000        
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock 253,405       $ 253,405        
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)           66,000      
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 494           494    
Conversion of Series B non-voting convertible preferred stock into common stock (in shares)         (255,000) 10,198,000      
Conversion of Series B non-voting convertible preferred stock into common stock 0       $ (244,010) $ 1 244,009    
Exchange of Series A non-voting convertible preferred stock into common stock (in shares)       (91,000)   3,640,000      
Exchange of Series A non-voting convertible preferred stock for common stock 0     $ (38,502)   $ 1 38,501    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)           250,000      
Issuance of common stock in connection with exercise of pre-funded warrants 1           1    
Stock-based compensation expense 7,243           7,243    
Foreign currency translation adjustment 4             4  
Unrealized gain (loss) on marketable securities (194)             (194)  
Net loss (38,837)               (38,837)
Ending balance, preferred stock (in shares) at Jun. 30, 2024       346,000 17,000        
Ending balance, common stock (in shares) at Jun. 30, 2024           50,783,000      
Ending balance at Jun. 30, 2024 374,385     $ 146,425 $ 9,395 $ 12 1,066,214 (553) (847,108)
Ending balance (in shares) at Sep. 30, 2024         0        
Ending balance at Sep. 30, 2024     $ 0   $ 0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)           153,000      
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 1,318           1,318    
Issuance of common stock in connection with at-the-market offerings, net of offering costs (in shares)           426,000      
Issuance of common stock in connection with at-the-market offerings, net of offering costs 11,750           11,750    
Vesting of restricted stock units (in shares)           34,000      
Stock-based compensation expense 6,955           6,955    
Foreign currency translation adjustment 17             17  
Unrealized gain (loss) on marketable securities 1,993             1,993  
Net loss (69,028)               (69,028)
Ending balance, preferred stock (in shares) at Sep. 30, 2024   346,045 16,667 346,000 17,000        
Ending balance, common stock (in shares) at Sep. 30, 2024           51,396,000      
Ending balance at Sep. 30, 2024 $ 327,390     $ 146,425 $ 9,395 $ 12 $ 1,086,237 $ 1,457 $ (916,136)