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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Consolidated Statements of Operations    
Grant revenue $ 5,174 $ 4,529
Operating expenses    
Research and development 34,426 33,770
General and administrative 13,184 11,649
Total operating expenses 47,610 45,419
Operating loss (42,436) (40,890)
Other income (expense)    
Interest income 697 179
Interest expense (10,742) (2,626)
Change in fair value of the Convertible Loan 31,399 (21,845)
Gain (loss) on debt and the Convertible Loan extinguishments 2,166 (3,863)
Total other income (expense), net 23,520 (28,155)
Net loss $ (18,916) $ (69,045)
Per share information:    
Net loss per share, basic $ (0.52) $ (1.91)
Weighted average shares outstanding, basic 36,160,848 36,075,555
Net loss per share, diluted $ (0.89) $ (1.91)
Weighted average shares outstanding, diluted 59,059,971 36,075,555