v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events
(16)
Subsequent Events
 
On August 7, 2026, the Company entered into a securities purchase agreement with certain accredited investors (the “Purchasers”), pursuant to which the Company issued and sold, in a private placement that closed August 10, 2026, an aggregate of 9,374,999 shares of common stock, par value $0.001 per share, and pre-funded warrants to purchase shares of common stock, together with accompanying warrants to purchase an aggregate of 18,749,998 shares of common stock consisting of (i) common warrants to purchase an aggregate of 9,374,999 shares of common stock and (ii) milestone warrants to purchase an aggregate of 9,374,999 shares of common stock (collectively, the "Warrants"), each with a term of three years. The purchase price per share of common stock was $3.20 and the purchase price per pre-funded warrant was $3.1999; the exercise price of the common warrants and milestone warrants is $2.95 per share. The Company expects to receive aggregate gross proceeds of approximately $30 million from the Private Placement, before deducting estimated offering expenses, with potential additional proceeds of up to $60 million upon full cash exercise of the Warrants.