v3.26.1
Redeemable Convertible Preferred Stock
 6 Months Ended
Jun. 30, 2026
Redeemable Convertible Preferred Stock [Abstract]  
Redeemable Convertible Preferred Stock

10. Redeemable Convertible Preferred Stock

 

No shares of redeemable convertible preferred stock were outstanding as of June 30, 2026. Redeemable convertible preferred stock as of December 31, 2025 was comprised of the following.

 

Series   Original issue price     Shares authorized     Issued and outstanding     Carrying value     Liquidation preference  
    (Per share)                          
A   $ 0.10       6,160,056       6,160,056     $ 645     $ 645  
B     0.42       3,760,500       3,760,500       1,575       1,575  
C     1.70       2,507,000       2,507,000       4,250       4,250  
D     1.99       2,056,141       2,056,141       4,101       4,101  
E     2.23       11,367,454       11,367,454       25,392       25,392  
F     2.79       52,888,416       46,943,509       155,236       131,075  
              78,739,567       72,794,660     $ 191,199     $ 167,038  

 

Share amounts and per share original issue prices presented above have been retroactively adjusted to reflect the Conversion Ratio.

 

In connection with the Merger, all outstanding shares of Legacy Ionetix redeemable convertible preferred stock, as so adjusted, were converted into shares of the Company’s common stock, see Note 1 for additional information.