v3.25.2
Stock-based Compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Stock-based Compensation
2022 Equity Incentive Plan ( the “2022 EIP”)
On January 1, 2025, the number of shares of common stock reserved for issuance under the 2022 EIP increased by 241,472 shares. On March 6, 2025, the number of shares of common stock available for issuance under the 2022 EIP increased by an additional 4,300,000 shares upon stockholder approval of the amended and restated 2022 EIP at the Special Meeting. As of June 30, 2025, the total number of shares of common stock available for issuance under the 2022 Plan is 491,058.
2022 Inducement Plan (the “2022 IN”)
On March 7, 2025, the Board approved an increase in the total number of shares of common stock available for issuance under the 2022 IN to be 2,500,000 shares. As of June 30, 2025, the total number of shares of common stock available for issuance under the 2022 Inducement Plan is 2,120,234.
2022 Employee Stock Purchase Plan (the “2022 ESPP”)
On January 1, 2025, the number of shares of common stock reserved for issuance under the 2022 ESPP increased by 48,294 shares. As of June 30, 2025, the total number of shares of common stock available for issuance under the 2022 ESPP is 127,681.
Stock-based Compensation
Total stock-based compensation was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
General and administrative$1,296 $(890)$2,315 $448 
Research and development230 114 415 34 
Total stock-based compensation$1,526 $(776)$2,730 $482