Stockholders' Equity |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Stockholders' Equity | 7. Stockholders’ Equity Shelf Registration Statement and ATM Offering Program On November 26, 2025, the Company filed a registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”) for the issuance of common stock, preferred stock, warrants, debt securities, rights and units with an aggregate offering price of up to $350.0 million. On December 9, 2025, the registration statement was declared effective by the SEC. The registration statement includes an at-the-market offering program (the “ATM”) for the sale of up to $150.0 million of shares of the Company’s common stock. During the three and six months ended June 30, 2026 and 2025, the Company did not sell any shares of common stock under the ATM offering program. As of June 30, 2026, the Company had $150.0 million of remaining capacity available under the ATM facility. Preferred Stock There were no issued and outstanding shares of preferred stock as of June 30, 2026 and December 31, 2025. Common Stock As of June 30, 2026 and December 31, 2025, the Company was authorized to issue up to 190,000,000 shares of common stock, par value $0.001 per share. As of June 30, 2026 and December 31, 2025 63,434,936 and 62,690,229 shares, respectively, were issued and outstanding. See Note 14, Subsequent Event, for further details regarding the issuance of 19,600,153 shares of common stock in the Private Placement completed subsequent to the balance sheet date. Voting—Each holder of outstanding shares of common stock shall be entitled to one vote in respect of each share. Reserved Shares—The Company reserved the following shares of common stock for issuance:
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