v3.26.1
Pre-Funded Warrants
6 Months Ended
Jun. 30, 2026
Warrants and Rights Note Disclosure [Abstract]  
Pre-Funded Warrants
12.
Pre-Funded Warrants

 

The Company accounts for the pre-funded warrants as a freestanding equity-linked financial instrument that met the criteria for equity classification pursuant to ASC 480 and ASC 815. Accordingly, the Company recorded the pre-funded warrants as a component of stockholders' equity within additional paid-in capital. During the six months ended June 30, 2026, partial pre-funded warrants were exercised in exchange for 3.5 million shares of the Company's common shares. The following table summarizes the pre-funded warrants issued and outstanding as of June 30, 2026:

 

 

 

 

 

 

 

 

 

 

Issued Year

 

Expiration Date

 

Exercise Price

 

 

Number of Warrants Outstanding

 

2024 (Private Placement)

 

None

 

$

0.0001

 

 

 

4,104,149

 

2024 (Warrant Exchange Agreement)

 

None

 

 

0.0001

 

 

 

3,420,000

 

2025 (Warrant Exchange Agreement)

 

None

 

 

0.0001

 

 

 

6,070,000

 

 

 

 

 

 

 

 

 

13,594,149