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Net Loss Per Ordinary Share | 6 Months Ended
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Jun. 30, 2026
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 outstanding pre-funded warrants to purchase Ordinary Shares (the “Pre-Funded Warrants”) issued in the February 2024 Offering and the December 2024 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) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net loss |  |  | (64,135 | ) |  |  | (17,364 | ) |  |  | (112,576 | ) |  |  | (56,891 | )
Weighted average Ordinary Shares outstanding, basic and diluted |  |  | 123,370,232 |  |  |  | 118,556,492 |  |  |  | 122,547,689 |  |  |  | 117,347,434 |
Net loss per Ordinary Share, basic and diluted |  |  | (0.52 | ) |  |  | (0.15 | ) |  |  | (0.92 | ) |  |  | (0.48 | )
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, |
|  | 2026 |  |  | 2025 |
Stock options |  |  | 19,871,913 |  |  |  | 22,204,136 |
Restricted stock units |  |  | 993,416 |  |  |  | 718,584 |
Outstanding warrants |  |  | 2,420,733 |  |  |  | 2,616,539 |
Total |  |  | 23,286,062 |  |  |  | 25,539,259 |

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