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Subsequent Event
6 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
On May 2, 2025, the Company executed the Contribution Agreement with Atlas Data Storage, Inc. ("Atlas") for the sale and transfer of its DNA digital data storage assets and liabilities, including the related intellectual property and the license of certain other intellectual property for a consideration of 73.0 million shares of Series Seed-1 Preferred Shares of Atlas, upfront cash consideration of $2.5 million, promissory notes of $2.0 million issued by Atlas, contingent manufacturing and commercial milestone payments of up to $75.0 million, and royalty payments based on a percentage of Atlas sales of the DNA data storage products. Simultaneously, Atlas issued $155.2 million in Series Seed Preferred Shares to third party investors including conversion of convertible promissory notes of $6.2 million.

As part of the transaction, the Company subleased specific office and lab space to Atlas in South San Francisco. The Company will also provide transitional support services to Atlas in the areas of accounting, payroll, and IT for a duration of two years in return for payment on a time and material basis.

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