v3.26.1
Capital Stock (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Fair Value Assumptions of Warrants

Stock Price

 

$

2.74

 

Exercise Price

 

$

2.82

 

Risk-free interest rate

 

 

4.00

%

Expected term (in years)

 

 

4.00

 

Expected volatility

 

 

100.35

%

Expected dividend yield

 

 

0.00

%

Schedule of Common Stock Reserved for Future Issuances

The Company had reserved the following number of shares of common stock for the exercise of outstanding warrants, exercise of outstanding pre-funded warrants, exercise of outstanding stock options, settlement of outstanding RSUs and PRSUs, and future issuances of stock-based awards:

 

 

March 31, 2026

 

 

December 31, 2025

 

Warrants to purchase shares of common stock

 

 

13,009,536

 

 

 

13,876,838

 

Pre-funded warrants to purchase shares of common stock

 

 

7,346,269

 

 

 

7,346,269

 

Options to purchase shares of common stock under the 2021 Plan and 2023 Plan

 

 

6,355,064

 

 

 

4,396,860

 

RSUs and PRSUs subject to settlement in shares of common stock under the 2023 Plan

 

 

1,494,812

 

 

 

844,278

 

Shares available for issuance under the 2023 Plan

 

 

3,007,796

 

 

 

2,132,156

 

Shares available for issuance under the 2023 ESPP

 

 

1,158,154

 

 

 

733,239

 

Shares available for issuance under the 2025 Inducement Equity Plan

 

 

2,000,000

 

 

 

2,000,000

 

Total shares of common stock reserved for future issuance

 

 

34,371,631

 

 

 

31,329,640