Warrants, Redeemable Convertible Preferred Stock and Stockholders' Equity |
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Jun. 30, 2026 | ||||||||||||||||||||||||||
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| Warrants, Redeemable Convertible Preferred Stock and Stockholders' Equity | 6. Warrants, Redeemable Convertible Preferred Stock and Stockholders’ Equity Common Stock The Company's amended and restated certificate of incorporation authorizes for issuance up to 500,000,000 shares of common stock with a par value of $0.000001 per share. The holders of common stock are entitled to receive dividends at the discretion of the board of directors, subject to preferences that may apply to shares of preferred stock outstanding at the time. All holders of common stock are entitled to one vote per share on all matters to be voted on by the Company’s stockholders. Upon liquidation, dissolution or winding up, the holders of common stock are entitled to share equally in all the Company’s assets remaining after payment of all liabilities. At June 30, 2026, the Company has reserved an aggregate of 4,382,484 shares of common stock for the conversion, exercise or issuance, as applicable, of the following outstanding securities:
Preferred Stock The Company's amended and restated certificate of incorporation provides its board of directors with the authority to issue up to 10,000,000 shares of undesignated preferred stock with a par value of $0.000001 per share and to determine or alter the rights, preferences, privileges and restrictions granted to or imposed upon these shares without further vote or action by the Company's stockholders. The Company does not have outstanding preferred stock issued as of June 30, 2026. Warrants During the six months ended June 30, 2026, a related party exercised 238,931 common warrants for proceeds of $3.0 million. Redeemable Convertible Preferred Stock During the six months ended June 30, 2025, there were no issuances, conversions, or other changes to the Company's redeemable convertible preferred stock across all series (Series Seed through Series G), with total shares and carrying values remaining unchanged from January 1, 2025 to June 30, 2025. As of June 30, 2026, all series of redeemable convertible preferred stock had been converted or redeemed, resulting in no shares outstanding and no carrying value. |
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