v3.26.1
Stockholders' deficit
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders' deficit

7. Stockholders’ deficit

Common stock and Class A common stock

Each share of common stock entitles the holder to one vote on all matters submitted to a vote of the Company’s stockholders provided, however, that, except as otherwise required by law, holders of common stock are not entitled to vote on any amendment to the Company’s Certificate of Incorporation that relates solely to the terms of one or more outstanding series of Class A common stock or preferred stock if the holders of such affected series are entitled, either separately or together with the holders of one or more other such series, to vote thereon pursuant to the Certificate of Incorporation or pursuant to the Delaware General Corporation Law. Each share of Class A common stock is non-voting. There is no cumulative voting. Both common stockholders and Class A common stockholders are entitled to receive dividends, as may be declared by the Company’s Board, if any. Through March 31, 2026, no dividends have been declared or paid.

The Company’s common stock available for future issuance is summarized below:

 

 

March 31,

 

 

December 31,

 

 

2026

 

 

2025

 

Common stock authorized

 

480,000,000

 

 

 

156,800,000

 

Common stock outstanding

 

53,403,173

 

 

 

915,261

 

Common stock authorized and reserved for future issuances:

 

 

 

 

 

Series Seed Preferred Stock

 

—

 

 

 

1,314,262

 

Series A Preferred Stock

 

—

 

 

 

20,520,285

 

Series A-1 Preferred Stock

 

—

 

 

 

657,133

 

Series B Preferred Stock

 

—

 

 

 

11,499,825

 

Partner Preferred Stock

 

—

 

 

 

65,713

 

Stock options outstanding

 

7,651,884

 

 

 

5,899,875

 

Common stock reserved for future grant under the 2020 Equity Incentive Plan

 

—

 

 

 

285,723

 

Common stock reserved for future grant under the 2026 Equity Incentive Plan

 

2,531,120

 

 

 

—

 

Common stock reserved for future grant under the 2026 Employee Stock Purchase Plan

 

27,843

 

 

 

—

 

Total common stock authorized and reserved for future issuance

 

10,210,847

 

 

 

40,242,816

 

Unreserved common stock available for future issuance

 

416,385,980

 

 

 

115,641,923