Warrants (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Stockholders' Equity Note, Warrants or Rights

All Warrants are classified as equity and the following table summarizes the warrant activity for the nine months ended September 30, 2026:


	Pre-Funded	Class A	Class B
Outstanding at December 31, 2025	28,713,500	50,608,500	50,608,500
Exercised(1)	(23,890,500)	—	—
Outstanding at September 30, 2026	4,823,000	50,608,500	50,608,500

(1) During the three and nine months ended September 30, 2026, Pre-Funded Warrants to purchase 8,195,000 and 23,890,500 shares of common stock, respectively, were exercised, for which the Company issued 8,194,779 and 23,890,279 shares of common stock, respectively. Certain exercises were effected through cashless exercise pursuant to the terms of the applicable warrant agreement.