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Net Loss Per Ordinary Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Loss per Ordinary Share | Note 11. Net Loss per Ordinary Share For the purposes of calculating the weighted-average number of Ordinary Shares outstanding, the Ordinary Shares underlying the pre-funded warrants to purchase Ordinary Shares (the “Pre-Funded Warrants”) issued in the February 2024 follow-on offering and the December 2024 follow-on offering are included. Basic and diluted net loss per Ordinary Share was calculated as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(In thousands of USD, except share and per share amounts) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net loss |  |  | (17,364 | ) |  |  | (39,007 | ) |  |  | (56,891 | ) |  |  | (132,774 | )
Weighted average Ordinary Shares outstanding, basic and diluted |  |  | 118,556,492 |  |  |  | 94,711,604 |  |  |  | 117,347,434 |  |  |  | 91,611,785 |
Net loss per Ordinary Share, basic and diluted |  |  | (0.15 | ) |  |  | (0.41 | ) |  |  | (0.48 | ) |  |  | (1.45 | )
The following potentially dilutive securities have been excluded from the computation of diluted weighted-average Ordinary Shares outstanding as they would be anti-dilutive:
|  | As at June 30, |
|  | 2025 |  |  | 2024 |
Stock options |  |  | 22,204,136 |  |  |  | 19,778,254 |
Restricted stock units |  |  | 718,584 |  |  |  | — |
Outstanding warrants |  |  | 2,616,539 |  |  |  | 2,700,152 |
Total |  |  | 25,539,259 |  |  |  | 22,478,406 |

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