Stockholders' Equity

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Stockholders' Equity

8. Stockholders’ Equity

Under the Third Amended and Restated Certificate of Incorporation, dated May 10, 2022, as amended on June 20, 2024, as currently in effect, the Company has the authority to issue a total of 500,000,000 shares of common stock (par value of $0.0001 per share) and 10,000,000 shares of undesignated preferred stock (par value of $0.0001 per share). Each share of common stock has the right to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights as to dividends. No cash dividends were declared by the board of directors during the three or nine months ended September 30, 2024 and September 30, 2023.

The Company has reserved shares of common stock for issuance, on an as-converted basis, as follows:

	September 30, 2024		December 31, 2023
Stock options issued and outstanding		5,670,753		4,233,203
Unvested restricted stock and performance stock units		102,820		—
Authorized for future stock awards or option grants under the 2022 Plan		740,948		1,091,187
Authorized for future stock awards or option grants under the 2024 Inducement Plan		797,184		—
Stock options issued and outstanding under the employee stock purchase plan		421,924		216,306
Stock options issued and outstanding		7,733,629		5,540,696