For the purposes of calculating the weighted-average number of Ordinary Shares outstanding, the Ordinary Shares underlying the outstanding pre-funded warrants to purchase Ordinary Shares (the “Pre-Funded Warrants”) issued in the February 2024 Offering and the December 2024 Offering are included.

Basic and diluted net loss per Ordinary Share was calculated as follows:


	Three months ended June 30,						Six months ended June 30,
(In thousands of USD, except share and per share amounts)	2026			2025			2026			2025
Net loss		(64,135	)		(17,364	)		(112,576	)		(56,891	)
Weighted average Ordinary Shares outstanding, basic and diluted		123,370,232			118,556,492			122,547,689			117,347,434
Net loss per Ordinary Share, basic and diluted		(0.52	)		(0.15	)		(0.92	)		(0.48	)

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average Ordinary Shares outstanding as they would be anti-dilutive:


	As at June 30,
	2026		2025
Stock options		19,871,913		22,204,136
Restricted stock units		993,416		718,584
Outstanding warrants		2,420,733		2,616,539
Total		23,286,062		25,539,259