v3.26.1
Stockholders' Equity
 3 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Series A Preferred Stock

As of June 30, 2026, 10,000 shares of Series A preferred stock, par value $0.0001 per share, were outstanding and held by RSL.

Each share of Series A preferred stock will automatically convert into one share of common stock at such time as the holder(s) of Series A preferred stock hold less than 25% of the total voting power of the Company’s outstanding shares. In the event of the Company’s liquidation, dissolution, or winding up, the holder(s) of the Series A preferred stock will receive first an amount per share equal to $0.01 and then will be entitled to share ratably in the assets legally available for distribution to all stockholders.

Preferred Stock

As of June 30, 2026, the Company has authorized 10,010,000 shares of preferred stock, par value $0.0001 per share. Other than the 10,000 shares of preferred stock designated as Series A preferred stock, which are issued and outstanding, there were no issued and outstanding shares of preferred stock as of June 30, 2026.

Common Stock

As of June 30, 2026, the Company has authorized 500,000,000 shares of common stock, par value $0.0001 per share and has 206,264,878 shares of common stock issued and outstanding.

The Company has reserved the following shares of common stock for issuance:
June 30, 2026March 31, 2026
Conversion of Series A preferred stock10,000 10,000 
Stock options outstanding8,357,594 9,996,503 
Restricted stock units outstanding4,048,029 4,254,184 
Capped value appreciation rights outstanding66,036 136,574 
Equity awards available for future grants6,581,552 7,822,985 
Total19,063,211 22,220,246 
The reserved shares underlying stock options above include 1,000 stock options that were exercised but were not settled as of June 30, 2026. The reserved shares underlying restricted stock units above include 5,303 restricted stock units that vested but were not settled as of June 30, 2026. In addition, the Company has reserved 5,000,000 shares of its common stock that may be issued under its 2023 Inducement Plan as of June 30, 2026.