v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses        
General and administrative expenses $ 13,289 $ 1,234 $ 27,255 $ 2,269
Research and development expenses 18,297 865 26,169 1,550
Operating expenses 31,586 2,099 53,424 3,819
Operating loss (31,586) (2,099) (53,424) (3,819)
Other non-operating income (expense)        
Interest income 574   1,067  
Change in fair value of SAFE Notes   (1,701) 0 (3,119)
Other income 3 1 4 2
Total non-operating income (expense) 577 (1,700) 1,071 (3,117)
Net loss $ (31,009) $ (3,799) $ (52,353) $ (6,936)
Basic weighted average shares outstanding of common stock (in shares) 55,098,477 14,002,557 53,532,466 14,057,349
Diluted weighted average shares outstanding of common stock (in shares) 55,098,477 14,002,557 53,532,466 14,057,349
Basic net loss per share of common stock (in dollars per share) $ (0.56) $ (0.27) $ (0.98) $ (0.49)
Diluted net loss per share of common stock (in dollars per share) $ (0.56) $ (0.27) $ (0.98) $ (0.49)