v3.26.1
Convertible Preferred Stock and Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Series A Non-Voting Preferred Stock

As of both June 30, 2026 and December 31, 2025, Series A Preferred Stock consisted of the following (in thousands, except share amounts):

 

 

 

Preferred Stock Authorized

 

 

Preferred Stock Issued and Outstanding

 

 

Carrying Value

 

 

Common Stock Issuable Upon Conversion

 

Series A Preferred Stock

 

 

12,622

 

 

 

12,622

 

 

$

2

 

 

 

12,622,000

 

 

 

 

12,622

 

 

 

12,622

 

 

$

2

 

 

 

12,622,000

 

 

Summary of Shares Available for Issuance

As of June 30, 2026 and December 31, 2025, the Company had the following shares reserved for issuance:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Shares issuable upon conversion of Series A preferred stock

 

 

12,622,000

 

 

 

12,622,000

 

Shares issuable upon exercise of pre-funded warrants

 

 

7,715,189

 

 

 

8,777,486

 

Shares issuable upon exercise of warrants under the Parade Warrant Obligation

 

 

804,519

 

 

 

804,519

 

Outstanding and issued stock options

 

 

13,162,759

 

 

 

9,736,078

 

Outstanding and issued restricted stock units

 

 

489,854

 

 

 

 

Total

 

 

34,794,321

 

 

 

31,940,083