XML 46 R35.htm IDEA: XBRL DOCUMENT v3.25.1
Organization and Nature of the Business (Details)
$ / shares in Units, $ in Thousands
3 Months Ended
Feb. 06, 2025
USD ($)
installment
$ / shares
Jul. 17, 2024
USD ($)
shares
Jul. 01, 2024
USD ($)
$ / shares
shares
Jun. 20, 2024
Mar. 29, 2024
$ / shares
Mar. 31, 2025
USD ($)
item
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Mar. 13, 2024
item
Organization and Nature of the Business                  
Number of wholly owned subsidiaries | item           1     2
Reverse stock split ratio       0.2139          
Stock option, exercise price ($ per share) | $ / shares         $ 8.84        
Preferred stock conversion ratio     0.2139            
Termination fee $ 10,000                
Threshold percentage of issued and outstanding shares held 50.00%                
Merger transaction costs           $ 7,700      
Net loss           98,963 $ 49,849    
Cash used in operating activities           80,355 $ 44,262    
Accumulated deficit           (757,514)   $ (658,551)  
Cash, cash equivalents and marketable securities           $ 208,700      
The Combined Company                  
Organization and Nature of the Business                  
Ownership percentage 52.00%                
ACELYRIN                  
Organization and Nature of the Business                  
Stock option, exercise price ($ per share) | $ / shares $ 18                
Exchange ratio 0.4814                
Termination fee $ 10,000                
ACELYRIN | Performance based RSU                  
Organization and Nature of the Business                  
Percentage of performance conditions achieved 100.00%                
ACELYRIN | Merger closes before May 15, 2025 | Performance based RSU                  
Organization and Nature of the Business                  
Number of installments | installment 3                
ACELYRIN | Merger closes after May 15, 2025 | Performance based RSU                  
Organization and Nature of the Business                  
Number of installments | installment 2                
ACELYRIN | The Combined Company                  
Organization and Nature of the Business                  
Ownership percentage 48.00%                
Class A common stock                  
Organization and Nature of the Business                  
Redeemable convertible preferred stock | shares     28,855,656            
Class B common stock                  
Organization and Nature of the Business                  
Redeemable convertible preferred stock | shares     7,184,908            
IPO                  
Organization and Nature of the Business                  
Number of shares issued and sold | shares     13,125,000            
Issue price per share | $ / shares     $ 16            
Net proceeds after deducting underwriting discounts and commissions     $ 193,300            
Payments of underwriting discounts and commission     $ 16,700            
Concurrent Private Placement                  
Organization and Nature of the Business                  
Percentage of ownership held by investor   5.00%              
Additional number of shares purchased | shares   2,500,000              
Aggregate gross and net proceeds   $ 40,000