Net Loss per Share Applicable to Common Shareholders, Basic and Diluted (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Net Loss Per Share Applicable to Common Shareholders

The following table sets forth the computation of net loss per share applicable to common shareholders (in thousands, except share data):


		Year Ended December 31,
		2025				2024
Net loss		$	(110,556	)		$	(74,908	)
Weighted-average number of common shares used in net loss per share applicable to common shareholders, basic and diluted			35,101,792				12,910,341
Net loss per share applicable to common shareholders, basic and diluted		$	(3.15	)		$	(5.80	)

Schedule of Anti-dilutive Potential Common Shares Excluded from Computation of Diluted net Loss Per Share

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


		Year Ended December 31,
		2025				2024
Excluded securities:
Options to purchase common shares			2,332,762				2,689,131
Warrants to purchase common shares			11,163,825				4,549,958
Restricted stock units			2,432,187				745,234
Unvested RSPAs			13,486				36,907
Convertible notes (as converted to common shares)			19,322,698				9,802,974
Mandatory Convertible Security			—				9,887,756
Total common shares equivalents			35,264,958				27,711,960