Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events
Subsequent Events	14. Subsequent Events On July 29, 2026, the Company entered into a $4.9 million convertible promissory note financing (the “Note”) with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP (“Yorkville”). The term of the Note is 12 months. No payments by the Company are due until maturity. The Note carries an original issue discount of five percent but no interest. Repayment of all outstanding amounts is due at maturity. The Note includes customary default provisions. During the term of the Note, it is convertible at the option of the holder, at a small discount to the then prevailing market price. The transaction also included a warrant for Yorkville to purchase up to $2 million of shares at $0.205 per share. The Company plans to use the proceeds for general corporate purposes, including both its lead product and its in-licensed portfolios. The Company and Yorkville also entered into a standby equity subscription agreement (the “Subscription Agreement”) which the Company may use after the Note is repaid or converted. The prior standby equity subscription agreement was cancelled. Under this Subscription Agreement, the Company has the option, in its discretion, to require Yorkville to subscribe for up to $50 million of common shares in the Company at any time during the 24-month term of the Subscription Agreement at a small discount to the then prevailing market price, after the Note is repaid or converted. The Company has no obligation to make any such use of this arrangement, and the Company can cancel the arrangement at any time after the Note is repaid or converted. The Company has no current plans to draw upon this standby facility; however, the Company believes it will be useful to have this facility available for special funding needs in connection with certain key potential upcoming milestones. Between July 1, 2026 and August 13, 2026, the Company issued approximately 10.9 million shares of common stock to certain lenders in lieu of cash payments of $1.5 million of debt, including $0.4 million of outstanding interest and settled $0.3 million share payable. Between July 1, 2026 and August 13, 2026, the Company converted $4.1 million convertible notes, including $1.8 million of outstanding interest into 25.3 million shares of common stock.

Subsequent Events

6 Months Ended

Jun. 30, 2026

14. Subsequent Events

On July 29, 2026, the Company entered into a $4.9 million convertible promissory note financing (the “Note”) with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP (“Yorkville”). The term of the Note is 12 months. No payments by the Company are due until maturity. The Note carries an original issue discount of five percent but no interest. Repayment of all outstanding amounts is due at maturity. The Note includes customary default provisions. During the term of the Note, it is convertible at the option of the holder, at a small discount to the then prevailing market price. The transaction also included a warrant for Yorkville to purchase up to $2 million of shares at $0.205 per share. The Company plans to use the proceeds for general corporate purposes, including both its lead product and its in-licensed portfolios.

The Company and Yorkville also entered into a standby equity subscription agreement (the “Subscription Agreement”) which the Company may use after the Note is repaid or converted. The prior standby equity subscription agreement was cancelled. Under this Subscription Agreement, the Company has the option, in its discretion, to require Yorkville to subscribe for up to $50 million of common shares in the Company at any time during the 24-month term of the Subscription Agreement at a small discount to the then prevailing market price, after the Note is repaid or converted. The Company has no obligation to make any such use of this arrangement, and the Company can cancel the arrangement at any time after the Note is repaid or converted. The Company has no current plans to draw upon this standby facility; however, the Company believes it will be useful to have this facility available for special funding needs in connection with certain key potential upcoming milestones.

Between July 1, 2026 and August 13, 2026, the Company issued approximately 10.9 million shares of common stock to certain lenders in lieu of cash payments of $1.5 million of debt, including $0.4 million of outstanding interest and settled $0.3 million share payable.

Between July 1, 2026 and August 13, 2026, the Company converted $4.1 million convertible notes, including $1.8 million of outstanding interest into 25.3 million shares of common stock.