Preferred Stock and Common Stock

12 Months Ended

Dec. 31, 2023

Preferred Stock and Common Stock

Preferred Stock and Common Stock

9. Preferred Stock and Common Stock

Undesignated Preferred Stock

As of December 31, 2023 and 2022, the Company’s certificate of incorporation, as amended, authorized the Company to issue up to 5,000,000 shares of undesignated preferred stock at $0.0001 par value per share. As of December 31, 2023 and 2022, there were no shares of preferred stock issued or outstanding.

Common Stock

As of December 31, 2023 and 2022, the Company is authorized to issue up to 200,000,000 shares of common stock, $0.0001 par value per share under its certificate of incorporation, as amended.

The voting, dividend and liquidation rights of the holders of shares of common stock are subject to and qualified by the rights, powers and preferences of the holders of shares of the Company’s undesignated preferred stock, if and when such shares are issued. The rights, preferences and privileges of the Company’s common stock are as follows:

Voting

The holders of shares of common stock are entitled to one vote for each share of common stock held at any meeting of stockholders and at the time of any written action in lieu of a meeting of stockholders.

Dividends

The holders of shares of common stock are entitled to receive dividends, if and when declared by the Company’s board of directors. No dividends have been declared by the Company’s board of directors or paid by the Company to the holders of common stock since the issuance of the common stock.

Liquidation

Upon the dissolution, liquidation or winding up of the Company, whether voluntary or involuntary, holders of the common stock will be entitled to receive, pro rata based on the number of shares held by each such holder, all assets of the Company

available for distribution to its stockholders, subject to any preferential or other rights of any then outstanding preferred stock.

Shares Reserved for Future Issuance

The Company has reserved for future issuances the following shares of common stock as of December 31, 2023 and 2022:

	December 31,	December 31,
	2023	2022
Stock options	9,456,237	8,084,121
Employee Stock Purchase Plan	701,244	566,720
Warrants	2,631	2,631
Total shares reserved for future issuance	10,160,112	8,653,472