In May 2025, the Company implemented a strategic plan to streamline its operations, including a reduction in the Company’s workforce by approximately 20%. In November 2025, the Company implemented a strategic restructuring to extend cash runway, including a reduction in the Company’s workforce by approximately 34%.

During the three months ended June 30, 2025, the Company recorded a one-time restructuring charge of $1.2 million related to the May 2025 workforce reduction, including employee severance, benefits and related termination costs and are included under the caption “Restructuring charge” in the Company’s consolidated statement of operations and comprehensive loss. During the year ended December 31, 2025, all activities related to the May 2025 workforce reduction were completed. The remaining payments related to the November 2025 workforce reduction are expected to be paid by the third quarter of 2026. Restructuring cost accruals are included under the caption “Accrued expenses and other current liabilities” in the Company's condensed consolidated balance sheet.

The following is a summary of the activity for the November 2025 Workforce Reduction:


	Employee separation costs
Balance at December 31, 2025	$	1,893
Adjustments		29
Cash payments		(1,795	)
Balance at June 30, 2026	$	127