v3.26.1
Common Stock
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Common Stock

9. Common stock

As of March 31, 2026, the authorized capital stock of the Company included 105,384,000 shares of common stock, $0.00001 par value with 29,953 common share issued and outstanding. As of December 31, 2025, the authorized capital stock of the Company included 105,384,000 shares of common stock, $0.00001 par value, with 19,048 shares of common stock issued and outstanding.

The voting, dividend and liquidation rights of the holders of the Company’s common stock are subject to the rights, powers and preferences of the holders of the preferred stock set forth above.

Each share of common stock entitles the holder to one vote, together with the holders of the preferred stock. Common stockholders are entitled to receive dividends, subject to the preferential dividend rights of the preferred stock. Through March 31, 2026, no cash dividends have been declared or paid.

As of March 31, 2026 and December 31, 2025, the Company has reserved the following shares of common stock for future issuance:

 

 

March 31,
2026

 

 

December 31,
2025

 

Shares reserved for conversion of Series A-1
   preferred stock

 

 

30,000,000

 

 

 

30,000,000

 

Shares reserved for conversion of Series A-2
   preferred stock

 

 

11,511,852

 

 

 

11,511,852

 

Shares reserved for conversion of Series B
   preferred stock

 

 

43,084,539

 

 

 

43,084,539

 

Shares reserved for exercise of outstanding stock
   options

 

 

14,457,716

 

 

 

13,470,409

 

Shares reserved for issuance under equity
   compensation plans

 

 

1,030,020

 

 

 

2,028,232

 

Total shares of authorized common stock reserved
   for future issuance

 

 

100,084,127

 

 

 

100,095,032