Related Party Transactions

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

Related Party Transactions

11. Related Party Transactions

For the three months ended March 31, 2024, the Company recorded less than $0.1 million to deferred offering costs related to an advisory services agreement with one of its board members. The services agreement ended in February 2024.

On January 12, 2024, the Company and the Former CEO entered into a note forgiveness letter, pursuant to which the promissory note and all accrued interest thereon in an aggregate amount of $1.1 million were forgiven. The promissory note was issued by the Former CEO in December 2022 in connection with early exercised options (see Note 8).

The Company had $0.6 million and $0.4 million in other accrued expenses and current liabilities on the condensed balance sheet as of March 31, 2025 and December 31, 2024, respectively, related to severance payments for the Former CEO.