| Schedule of Preferred Stock |
As of March 31, 2026, Series B preferred stock
consisted of the following (in thousands, except share data):
| | |
March 31, 2026 | |
| | |
Preferred
Stock
Authorized | | |
Preferred
Stock Issued
and
Outstanding | | |
Carrying
Value | | |
Common
Stock Issuable
Upon
Conversion | |
| Series B preferred stock | |
| 251,504 | | |
| 137,138 | | |
$ | 2,931 | | |
| 11,428,149 | |
| | |
| | | |
| | | |
| | | |
| | |
|
| Schedule of Common Stock Reserved for Future Issuance |
As of March 31, 2026 and December 31, 2025, the
Company had common stock reserved for future issuance as follows:
| | |
March 31,
2026 | | |
December 31,
2025 | |
| Shares issuable on conversion of Series B preferred stock | |
| 11,428,149 | | |
| 11,428,149 | |
| Shares issuable upon exercise of pre-funded warrants | |
| 6,886,621 | | |
| 6,943,849 | |
| Shares issuable upon exercise of warrants under the Paruka Warrant Obligation | |
| 971,930 | | |
| 971,930 | |
| Outstanding and issued stock options | |
| 5,297,351 | | |
| 3,950,958 | |
| Outstanding and issued employee warrants | |
| 2,767,511 | | |
| 3,029,510 | |
| Outstanding and issued restricted stock units | |
| 396,145 | | |
| — | |
| Shares available for grant under 2024 Stock Incentive Plan | |
| 6,129,190 | | |
| 4,600,217 | |
| Shares available for grant under 2024 Employee Stock Purchase Plan | |
| 975,922 | | |
| 975,922 | |
| Total shares of common stock reserved | |
| 34,852,819 | | |
| 31,900,535 | |
|