v3.25.2
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Operating expenses    
Research and development [1] $ 12,081 $ 22,708
General and administrative [2] 8,949 12,547
Total operating expenses 21,030 35,255
Loss from operations (21,030) (35,255)
Other income (expense):    
Interest income 313 502
Interest expense [3] (1,073) (2,185)
Total other expense (760) (1,683)
Net loss and comprehensive loss (21,790) (36,938)
Net loss $ (21,790) $ (36,938)
Net loss per share attributable to ordinary shareholders, basic (in dollars per share) $ (4.93) $ (14.11)
Net loss per share attributable to ordinary shareholders, diluted (in dollars per share) (4.93) (14.11)
Net loss per share attributable to Series A non-voting convertible preferred shareholders, basic (in dollars per share) (4,930.97) (14,104.9)
Net loss per share attributable to Series A non-voting convertible preferred shareholders, diluted (in dollars per share) $ (4,930.97) $ (14,104.9)
Weighted-average ordinary shares outstanding used in computing net loss per share to ordinary shareholders, basic (in shares) 3,856,925 2,331,339
Weighted-average ordinary shares outstanding used in computing net loss per share to ordinary shareholders, diluted (in shares) 3,856,925 2,331,339
Weighted-average ordinary shares outstanding used in computing net loss per share to Series A non-voting convertible preferred shareholders, basic (in shares) 565 286
Weighted-average ordinary shares outstanding used in computing net loss per share to Series A non-voting convertible preferred shareholders, diluted (in shares) 565 286
[1] Includes related party amount of $6,292 and $15,069 for the three and six months ended June 30, 2025, respectively.
[2] Includes related party amount of $164 and $630 for the three and six months ended June 30, 2025, respectively.
[3] Includes related party amount of $420 and $865 for the three and six months ended June 30, 2025, respectively.