v3.26.1
Common Stock and Ordinary Shares
3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Common Stock and Ordinary Shares
10. Common Stock and Ordinary Shares
As of March 31, 2026, the Company had 1,446,166 shares of common stock authorized for issuance, and
946,000
shares of common stock issued and outstanding.
The holders of shares of common stock and ordinary shares were entitled to an allocation and distribution of proceeds in a Liquidation Event subject to the Liquidation Amount due to the holders of convertible preferred stock. When the Liquidation Amount had been paid in full, any remaining proceeds would have been distributed to the holders of common stock or ordinary shares, as applicable, on a pro rata basis.
The holders of common stock and ordinary shares are entitled to one vote per share on all matters to be voted upon at all general meetings and written actions in lieu of meetings.
On May 4, 2026, the Company completed
t
h
e
 IPO of 19,262,500 shares of its common stock. See Note
14 titled “
Subsequent Events
” for additional information.