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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses:        
General and administrative $ 10,658 $ 7,365 $ 19,811 $ 13,586
Total operating expenses 45,257 26,305 85,290 46,203
Loss from operations (45,257) (26,305) (85,290) (46,203)
Other income (expense):        
Change in fair value of short-term investment — related party 263 (3,723) (1,438) (8,208)
Other income, net 2,640 238 4,775 249
Total other income (expense), net 2,903 (3,485) 3,337 (7,959)
Net loss before income taxes (42,354) (29,790) (81,953) (54,162)
(Provision for) benefit from income taxes (31) 442 171 974
Net loss (42,385) (29,348) (81,782) (53,188)
Cumulative dividend on preferred stock 0 (6,293) 0 (12,517)
Net loss attributable to common stockholders (42,385) (35,641) (81,782) (65,705)
Net loss attributable to common stockholders, diluted $ (42,385) $ (35,641) $ (81,782) $ (65,705)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.47) $ (1.76) $ (0.91) $ (3.31)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.47) $ (1.76) $ (0.91) $ (3.31)
Weighted-average common shares outstanding, diluted (in shares) 90,467,298 20,227,343 89,769,970 19,871,750
Weighted-average common shares outstanding, basic (in shares) 90,467,298 20,227,343 89,769,970 19,871,750
Comprehensive loss:        
Net loss $ (42,385) $ (29,348) $ (81,782) $ (53,188)
Change in unrealized loss on investments, net of tax (63) (118) 116 (123)
Comprehensive loss (42,448) (29,466) (81,666) (53,311)
Nonrelated Party        
Operating expenses:        
Research and development $ 34,599 [1] $ 18,940 $ 65,479 [1] $ 32,617
[1] (1) Includes related party amount of $0.3 million and $0.6 million for the three and six months ended June 30, 2023, respectively.