Underwritten public offering	12 Months Ended
Dec. 31, 2025
Underwritten public offering
Underwritten public offering	12. Underwritten public offering In January 2024, the Company entered into an underwriting agreement relating to an underwritten public offering of 7,777,778 shares of the Company’s common stock, par value $0.001 per share, and, in lieu of common stock to certain investors, pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 3,333,333 shares of common stock. The underwriters agreed to purchase the Company’s stock at a price of $8.46 and the Pre-Funded Warrants at a price of $8.459 per share underlying each Pre-Funded Warrant. The Company issued 7,777,778 shares of common stock and 3,333,333 Pre-Funded Warrants for net proceeds of approximately $93.5 million after deducting underwriting discounts and commissions and offering expenses pursuant to the underwritten public offering. During the year ended December 31, 2025, all of the Pre-Funded Warrants were exercised on a cashless basis, resulting in the issuance of 3,332,544 net shares.

Underwritten public offering

12 Months Ended

Dec. 31, 2025

12. Underwritten public offering

In January 2024, the Company entered into an underwriting agreement relating to an underwritten public offering of 7,777,778 shares of the Company’s common stock, par value $0.001 per share, and, in lieu of common stock to certain investors, pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 3,333,333 shares of common stock. The underwriters agreed to purchase the Company’s stock at a price of $8.46 and the Pre-Funded Warrants at a price of $8.459 per share underlying each Pre-Funded Warrant. The Company issued 7,777,778 shares of common stock and 3,333,333 Pre-Funded Warrants for net proceeds of approximately $93.5 million after deducting underwriting discounts and commissions and offering expenses pursuant to the underwritten public offering.

During the year ended December 31, 2025, all of the Pre-Funded Warrants were exercised on a cashless basis, resulting in the issuance of 3,332,544 net shares.