Reverse Recapitalization and Pre-Closing Financing |
9 Months Ended | |||||||||||||||||||||||||
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Sep. 30, 2026 | ||||||||||||||||||||||||||
| Disclosure Text Block Supplement [Abstract] | ||||||||||||||||||||||||||
| Reverse Recapitalization and Pre-Closing Financing | 3. Reverse Recapitalization and Pre-Closing Financing As described within the Reverse Recapitalization and Pre-Closing Financing section in Note 1, on September 8, 2026, the reverse recapitalization between Pre-Merger Korsana and Cyclerion was consummated. The Merger was accounted for as a reverse recapitalization in accordance with U.S. GAAP. At the effective time of the Merger, substantially all of the assets of Cyclerion consisted of cash and other nominal non-operating assets and liabilities. No goodwill or intangible assets were recognized. As part of the recapitalization, the Company acquired the assets and assumed the liabilities listed below (in thousands):
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