v3.25.2
Ordinary Shares
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Disclosure Of Ordinary Shares [Abstract]    
Ordinary Shares
6. Ordinary Shares
The Company’s certificate of incorporation, as amended and restated, authorizes the Company to issue 18,721,541,692 ordinary shares, $0.00005 par value. As of June 30, 2025, 462,684,023 ordinary shares were issued and outstanding. Each ordinary share entitles the holder to one vote, together with the holders of Preferred Shares on an
as-converted
basis, on all matters submitted to the shareholders for a vote. The holders of ordinary shares are entitled to receive dividends, if any, as declared by the Company’s Board of Directors, in proportion to the number of ordinary shares issuable to each holder of Preferred Shares.
As of June 30, 2025, the Company had reserved ordinary shares for future issuances as follows:
 
Series Seed Preferred Shares, as converted to ordinary
      71,428,571  
Series A Preferred Shares, as converted to ordinary
      326,079,495  
Series B Preferred Shares, as converted to ordinary
      239,156,361  
Series C-1 Preferred
Shares, as converted to ordinary
      270,636,854  
Series C-2 Preferred
Shares, as converted to ordinary
      127,875,914  
Outstanding ordinary share options
      158,575,852  
Ordinary shares available for grant under the Plan
      208,193,482  
  
 
 
  
Total
      1,401,946,529  
  
 
 
  
9.
Ordinary
Shares
The Company’s certificate of incorporation, as amended and restated, authorizes the Company to issue 18,721,541,692 ordinary shares, $0.00005 par value. As of December 31, 2024, 462,105,898 ordinary shares of were issued and outstanding. Each ordinary share entitles the holder to one vote, together with the holders of Preferred Shares on an
as-converted
basis, on all matters submitted to the shareholders for a vote. The holders of ordinary shares are entitled to receive dividends, if any, as declared by the Company’s Board of Directors, in proportion to the number of ordinary shares issuable to each holder of Preferred Shares.
As of December 31, 2024, the Company had reserved ordinary shares for future issuances as follows:
 
    
2024
  
Series Seed Preferred Shares, as converted to ordinary
      71,428,571  
Series A Preferred Shares, as converted to ordinary
      326,079,495  
Series B Preferred Shares, as converted to ordinary
      239,156,361  
Series C-1
Preferred Shares, as converted to ordinary
      270,636,854  
Series C-2
Preferred Shares, as converted to ordinary
      127,875,914  
Outstanding ordinary share options
      159,003,977  
Ordinary shares available for grant under the Plan
      205,187,482  
 
 
 
 
 
Total
      1,399,368,654