v3.25.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stockholders' Equity

8. Stockholders’ Equity

Evercore Common Stock Sales Agreement Termination

On July 6, 2021, the Company entered into a Sales Agreement with Evercore Group L.L.C. (“Evercore”), as sales agent (the “ATM Agreement”), permitting the Company to offer and sell up to an aggregate of $100.0 million of shares of its common stock, par value $0.001 per share, from time to time through Evercore in “at the market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended.

On March 31, 2025, pursuant to Section 12(b) of the ATM Agreement, the Company delivered written notice to Evercore that it was terminating the ATM Agreement, effective April 2, 2025. The Company is not subject to any termination penalties related to the termination of the ATM Agreement.

During the six months ended June 30, 2025 and 2024, respectively, the Company did not sell any shares of common stock under the ATM Agreement.

Common Stock Reserved for Issuance

The Company’s shares of common stock reserved for issuance as of the periods indicated were as follows:

 

 

 

June 30, 2025

 

 

December 31, 2024

 

April 2017 Warrants

 

 

24,725

 

 

 

24,725

 

June 2017 Warrants

 

 

41,736

 

 

 

41,736

 

December 2018 Warrants

 

 

11,332

 

 

 

11,332

 

Pre-funded PIPE Warrants

 

 

5,780,537

 

 

 

5,780,537

 

2021 Pre-funded Warrants

 

 

32,175,172

 

 

 

32,175,172

 

2023 Pre-funded Warrants

 

 

5,666,667

 

 

 

5,666,667

 

Stock options outstanding

 

 

13,189,871

 

 

 

13,554,621

 

Issued and nonvested RSUs

 

 

4,043,000

 

 

 

4,677,500

 

Total shares reserved

 

 

60,933,040

 

 

 

61,932,290

 

 

Warrants

The following table summarizes the outstanding warrants for the Company’s common stock as of June 30, 2025:

 

Expiration Date

 

Shares Underlying
Outstanding Warrants

 

 

Exercise Price

 

April 2027

 

 

24,725

 

 

$

2.87

 

June 2027

 

 

41,736

 

 

$

2.87

 

December 2028

 

 

11,332

 

 

$

2.87

 

None

 

 

43,622,376

 

 

$

0.001

 

 

 

 

43,700,169

 

 

 

 

 

Accumulated Other Comprehensive Loss Information

The components of accumulated other comprehensive loss as of the dates indicated and the change during the period were (in thousands):

 

 

 

Foreign Exchange Translation Adjustment

 

 

Unrealized Gain (Loss) on ST Investments

 

 

Total Accumulated Other Comprehensive Loss

 

Balance, December 31, 2023

 

$

(461

)

 

$

190

 

 

$

(271

)

Change

 

$

(523

)

 

$

44

 

 

$

(479

)

Balance, December 31, 2024

 

$

(984

)

 

$

234

 

 

$

(750

)

Change

 

$

774

 

 

$

(240

)

 

$

534

 

Balance, June 30, 2025

 

$

(210

)

 

$

(6

)

 

$

(216

)