v3.26.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Ordinary Shares
Follow-on offering
Ordinary Shares
Direct offering
Ordinary Shares
At-the-Market offering ("ATM")
Ordinary Shares
Private placement in public equity financing
Ordinary Shares
Underwritten Public Offering
Ordinary Shares
Additional Paid-in Capital
Follow-on offering
Additional Paid-in Capital
Direct offering
Additional Paid-in Capital
At-the-Market offering ("ATM")
Additional Paid-in Capital
Private placement in public equity financing
Additional Paid-in Capital
Underwritten Public Offering
Additional Paid-in Capital
Accumulated other Comprehensive loss
Accumulated deficit
Follow-on offering
Direct offering
At-the-Market offering ("ATM")
Private placement in public equity financing
Underwritten Public Offering
Total
Balance as of beginning at Dec. 31, 2022           $ 3           $ 81,761 $ (392) $ (39,871)           $ 41,501
Balance as of beginning (in shares) at Dec. 31, 2022           24,898,908                            
Ordinary Shares                                        
Issuance of ordinary shares             $ 27,317   $ 27,403           $ 27,317   $ 27,403      
Number of shares issued 2,000,000   731,843                                  
Non-cash exercise of Representative's Warrants (in shares)           65,399                            
Exercise of warrant                       21,652               21,652
Exercise of warrant (in shares)           1,105,978                            
Exercise of share options                       349               349
Exercise of share options (in shares)           347,316                            
Share-based compensation expense                       3,823               3,823
Net loss                           (31,632)           (31,632)
Foreign currency translation adjustment                         18             18
Balance as of ending at Dec. 31, 2023           $ 3           162,305 (374) (71,503)           90,431
Balance as of ending (in shares) at Dec. 31, 2023           29,149,444                            
Ordinary Shares                                        
Issuance of ordinary shares               $ 24,811 16,295             $ 24,811 16,295      
Number of shares issued   651,380 284,719                                  
Non-cash exercise of Representative's Warrants (in shares)           73,800                            
Exercise of warrant                       38,960               38,960
Exercise of warrant (in shares)           1,320,337                            
Exercise of share options                       2,767               2,767
Exercise of share options (in shares)           346,869                            
Share-based compensation expense                       8,987               8,987
Net loss                           (36,144)           (36,144)
Foreign currency translation adjustment                         (286)             (286)
Balance as of ending at Dec. 31, 2024           $ 3           254,125 (660) (107,647)           145,821
Balance as of ending (in shares) at Dec. 31, 2024           31,826,549                            
Ordinary Shares                                        
Issuance of ordinary shares         $ 1     $ 27,746 $ 28,971 $ 118,211 $ 377,466         $ 27,746 $ 28,971 $ 118,211 $ 377,467  
Number of shares issued   489,079 193,000 1,953,124 2,613,636                              
Exercise of warrant                       102,993               102,993
Exercise of warrant (in shares)           1,463,491                            
Exercise of share options                       7,845               7,845
Exercise of share options (in shares)           561,081                            
Share-based compensation expense                       38,919               38,919
Share-based compensation expense (in shares)           240,000,000                            
Net loss                           (77,611)           (77,611)
Foreign currency translation adjustment                         124             124
Balance as of ending at Dec. 31, 2025           $ 4           $ 956,276 $ (536) $ (185,258)           $ 770,486
Balance as of ending (in shares) at Dec. 31, 2025           39,339,960