COMMON STOCK

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

COMMON STOCK

12. COMMON STOCK

In March 2024, the Company entered into a $150 million ATM equity offering agreement with Deutsche Bank Securities, Inc., Mizuho Securities USA LLC, and Craig-Hallum Capital Group LLC (collectively, the “Agents”). Under the agreement, the Company is able, with discretion, to offer and sell shares of common stock having an aggregate value of up to $150.0 million through or directly to the Agents. As of March 31, 2025, the sale of 23.5 million shares for net proceeds of $35.0 million had been completed. As of March 31, 2025, approximately $113.4 million is available under this sales agreement, subject to authorized shares available for sale.