v3.25.2
Warrants (Tables)
6 Months Ended
Jun. 30, 2025
Warrants  
Schedule of purchase shares of Company Common Stock

The following table summarizes outstanding warrants to purchase shares of Company Common Stock as of June 30, 2025 and December 31, 2024:

    

Number of Shares

    

    

    

June 30, 

December 31, 

Exercise 

2025

    

2024

Price

Term

Equity-classified Warrants

Legacy Orchestra Warrants

 

507,841

 

507,841

$1.08 – $30.11

 

0.10 – 8.75

Hercules Warrants (Note 13)

52,264

52,264

$5.74

3.50

Avenue Warrants

27,707

27,707

$7.67

2.50

Non-employee Warrants

60,000

$4.69

3.12

Private Warrants Held by Sponsor*

 

750,000

 

750,000

$11.50

 

4.32 – 4.57

Private Warrants Held by Employees

 

660,000

 

660,000

$11.50

 

4.32

Total Outstanding

 

2,057,812

 

1,997,812

  

 

  

 

*Sponsor is defined as HSAC2 Holdings, LLC