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Net Loss Per Share | 8 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Net Loss Per Share | 12. Net Loss per Share Basic and diluted net loss per share attributable to stockholders were calculated as follows (in thousands, except share and per share data):
|  | Three Months Ended September 30, 2024 |  |  | Period from February 6, 2024 (Inception) to September 30, 2024 |
|  | Loss Allocation |  |  | Weighted Average Shares Outstanding |  |  | Loss Per Share – Basic and Diluted |  |  | Loss Allocation |  |  | Weighted Average Shares Outstanding |  |  | Loss Per Share – Basic and Diluted |
Common Stock |  | $ | (21,936 | ) |  |  | 15,013,655 |  |  | $ | (1.46 | ) |  | $ | (47,192 | ) |  |  | 7,765,381 |  |  | $ | (6.08 | )
Company Series A Preferred Stock(1) |  |  | (697 | ) |  |  | 477 |  |  | $ | (1,460.62 | ) |  |  | (1,121 | ) |  |  | 184 |  |  | $ | (6,077.13 | )
Company Series B Preferred Stock(2) |  |  | (5,990 | ) |  |  | 49,191 |  |  | $ | (121.77 | ) |  |  | (9,630 | ) |  |  | 19,015 |  |  | $ | (506.44 | )
Net loss |  | $ | (28,623 | ) |  |  |  |  |  |  |  |  |  | $ | (57,943 | ) |  |  |  |  |  |  |  |
| (1) | The weighted-average number of shares of as-converted Company Series A Preferred Stock used in the loss allocation was 477,196 and 184,462 for the three months ended September 30, 2024 and for the period from February 6, 2024 (inception) to September 30, 2024, respectively.
| (2) | The weighted-average number of shares of as-converted Company Series B Preferred Stock used in the loss allocation was 4,099,227 and 1,584,575 for the three months ended September 30, 2024 and for the period from February 6, 2024 (inception) to September 30, 2024, respectively.
For the computation of basic net loss per share attributable to stockholders, the amount of weighted-average shares outstanding excludes all shares of unvested restricted common stock as such shares are not considered outstanding for accounting purposes until vested. The amount of weighted-average shares outstanding includes the pre-funded warrants as the exercise price is negligible and these warrants are fully vested and exercisable. The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to stockholders for the periods presented because including them would have had an anti-dilutive effect were as follows:
|  | Three Months Ended September 30, 2024 |  |  | Period from February 6, 2024 (Inception) to September 30, 2024 |
Outstanding employee warrants to purchase common stock |  |  | 3,054,358 |  |  |  | 3,054,358 |
Outstanding unvested restricted stock awards |  |  | 2,207,553 |  |  |  | 2,207,553 |
Outstanding and issued common stock options |  |  | 1,287,760 |  |  |  | 1,287,760 |
Total |  |  | 6,549,671 |  |  |  | 6,549,671 |

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