v3.26.1
Common Stock (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Valuation Assumption Offering Warrants

The fair value of the 2026 Warrant liabilities was determined using a Black-Scholes option-pricing model. The following assumptions were used to estimate the fair value of the 2026 Warrants at issuance and as of June 30, 2026:

 

 

June 30, 2026

 

 

May 5, 2026

 

Risk-free interest rate

 

 

4.2

%

 

 

4.1

%

Expected term (in years)

 

 

5.0

 

 

 

5.0

 

Expected volatility

 

 

100.9

%

 

 

104.3

%

Expected dividend yield

 

 

0

%

 

 

0

%

Common stock price

 

$

1.04

 

 

$

1.02

 

Exercise price — Konik Warrants

 

$

1.50

 

 

$

1.50

 

Exercise price — Bios Warrants

 

$

1.00

 

 

$

1.00

 

Schedule of Change in Fair Value of Financial Liabilities The following table provides a rollforward of the Level 3 fair value measurement of the 2026 Warrant liabilities.

 

 

Amount

 

Balance at December 31, 2025

 

$

 

Issuance of 2026 Warrant liabilities

 

 

3,693

 

Change in fair value of 2026 Warrant liabilities

 

 

8

 

Balance at June 30, 2026

 

$

3,701