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.
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