XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders’ Equity - USD ($)
$ in Thousands
Total
Private Placement
Conversion Of Series A Non-Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Conversion Of Series A Non-Voting Convertible Preferred Stock
Common Stock
Common Stock
Private Placement
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
Private Placement
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 stock (in shares)         721,000     6,000,000              
Issuance of stock 197,364 $ 84,555     $ 197,364             $ 84,555      
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 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)