Convertible Preferred Stock, Common Stock and Warrants

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

Convertible Preferred Stock, Common Stock and Warrants

Convertible Preferred Stock, Common Stock and Warrants

Immediately prior to the closing of the Business Combination, all 212,541,832 issued and outstanding shares of the redeemable convertible preferred stock of Legacy Freenome were converted into 213,907,881 shares of Legacy Freenome’s common stock. Each share converted on a one-for-one basis, other than the Series D and Series E redeemable convertible preferred stock, which converted at ratios of 1.00252 and 1.05075 shares of common stock per preferred share, respectively, reflecting the anti-dilution adjustments triggered by the issuance of the Series F redeemable convertible preferred stock. The resulting shares of Legacy Freenome common stock were then converted into 60,513,413 shares of the Company’s common stock based on the Exchange Ratio established in the Business Combination. The carrying amount of the redeemable convertible preferred stock of $1.4 billion was reclassified to common stock and additional paid-in capital upon conversion.

Common Stock and Preferred Stock

The Company’s certificate of incorporation authorizes the issuance of 1,000,000,000 shares of common stock and 10,000,000 shares of preferred stock, each with a par value of $0.0001 per share. Holders of common stock are entitled to one vote per share. No shares of preferred stock were issued or outstanding as of September 30, 2026.

Warrants

Immediately prior to the closing, warrants to purchase 428,560 shares of Legacy Freenome common stock at $0.01 per share were exercised, resulting in 121,237 shares of the Company’s common stock (see Note 10). As of September 30, 2026, a warrant to purchase 14,003 shares of the Company’s common stock at an exercise price of $4.85 per share remained outstanding.