Subsequent Events |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 16. Subsequent Events Underwritten Offering On October 20, 2026, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”) with Jefferies LLC, Leerink Partners LLC, Morgan Stanley & Co. LLC, and Cantor as representatives of the several underwriters listed on Schedule I thereto (the “Underwriters”) related to an underwritten offering of 6,000,000 shares of common stock of the Company, par value $0.0001 per share, at a price to the public of $75.00 per share. In addition, the Company granted the Underwriters an option exercisable for 30 days from the date of the Underwriting Agreement to purchase, at the public offering price less any underwriting discounts and commissions, up to an additional 900,000 shares of the Company's common stock, which option the Underwriters exercised in full on October 26, 2026. The net proceeds from the offering are expected to be approximately $485.9 million, after deducting the underwriting discount and estimated offering expenses. Certain existing investors and affiliates of the Company participated in the offering. ATM Program On November 4, 2026, Cantor acknowledged and accepted the Company’s written notice to terminate the Cantor ATM Agreement, which termination became effective on November 4, 2026. As a result of such termination, the Company will not offer or sell any additional shares of its common stock under the Cantor ATM Agreement. On November 5, 2026, the Company entered into a Sales Agreement (the “TD Cowen ATM Agreement”), with TD Securities (USA) LLC (“TD Cowen”), pursuant to which the Company may offer and sell shares of its common stock having aggregate gross proceeds of up to approximately $189.9 million from time to time in “at-the-market” offerings through TD Cowen, as sales agent. The Company agreed to pay TD Cowen a commission of up to 3.0% of the gross proceeds of any shares sold by TD Cowen under the TD Cowen ATM Agreement. As of the date of this Quarterly Report on Form 10-Q, the Company has not sold any shares of common stock under the TD Cowen ATM Agreement. |