XML 39 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Pre-funded Warrants
Redeemable Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Pre-funded Warrants
Accumulated Other Comprehensive Income
Accumulated Deficit
Balance at Dec. 31, 2023 $ (45,017)       $ 2,377     $ (47,394)
Balance, Shares at Dec. 31, 2023       1,362,481        
Temporary Equity Balance at Dec. 31, 2023     $ 44,408          
Temporary Equity Balance, Shares at Dec. 31, 2023     41,871,340          
Issuance of Series B-2 redeemable convertible preferred stock     $ 1,591          
Issuance of Series B-2 redeemable convertible preferred stock, Shares     1,280,000          
Capital contributions - in-kind services - related party 60       60      
Premium on issuance of convertible promissory notes 16,641       16,641      
Issuance of common stock upon stock option exercises 3       3      
Issuance of common stock upon stock option exercises, Shares       4,030        
Repurchase of common stock in connection with the royalty agreement (32)       (32)      
Repurchase of common stock in connection with the royalty agreement, Shares       (10,080)        
Stock-based compensation expense 895       895      
Unrealized gain on marketable securities, net of tax 0              
Vesting of restricted stock awards 1       1      
Net loss (69,167)             (69,167)
Balance at Dec. 31, 2024 (96,616)       19,945     (116,561)
Balance, Shares at Dec. 31, 2024       1,356,431        
Temporary Equity Balance at Dec. 31, 2024 $ 45,999   $ 45,999          
Temporary Equity Balance, Shares at Dec. 31, 2024 43,151,340   43,151,340          
Premium on issuance of convertible promissory notes $ 186       186      
Issuance of Series B-2 redeemable convertible preferred stock upon conversion of convertible promissory notes in connection with the Merger     $ 3,695          
Issuance of Series B-2 redeemable convertible preferred stock upon conversion of convertible promissory notes in connection with the Merger, Shares     794,499          
Conversion of convertible promissory notes into common stock in connection with the Merger 20,799       20,799      
Conversion of convertible promissory notes into common stock in connection with the Merger, Shares       3,418,839        
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger     $ (49,694)          
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger, Shares     (43,945,839)          
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger 49,694     $ 1 49,693      
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger, Shares       8,859,474        
Recognition of AlloVir common stock outstanding at the closing of the Merger 104,990     $ 1 104,989      
Recognition of AlloVir common stock outstanding at the closing of the Merger, Shares       5,067,674        
Transaction costs related to the Merger $ (5,357)       (5,357)      
Issuance of common stock upon stock option exercises, Shares 0              
Issuance of stock in private placement $ 39,156 $ 7,458     39,156 $ 7,458    
Issuance of stock in private placement, shares       4,200,000        
Stock-based compensation expense 1,936       1,936      
Unrealized gain on marketable securities, net of tax 6           $ 6  
Net loss (43,438)             (43,438)
Balance at Dec. 31, 2025 78,814     $ 2 $ 238,805   $ 6 $ (159,999)
Balance, Shares at Dec. 31, 2025       22,902,418        
Temporary Equity Balance at Dec. 31, 2025 $ 0              
Temporary Equity Balance, Shares at Dec. 31, 2025 0