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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Feb. 06, 2024
Current assets:    
Cash and cash equivalents $ 410,875
Subscription receivable 1
Prepaid expenses and other current assets 2,074
Total current assets 412,949 1
Property and equipment, net 160
Operating lease right-of-use asset 938
Other non-current assets 43
Total assets 414,090 1
Current liabilities:    
Accounts payable 2,145
Accrued expenses and other current liabilities 1,710
Operating lease liability, current 146
Total current liabilities 18,039
Operating lease liability, non-current 842
Total liabilities 18,881
Commitment and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.001 and $0.0001 par value as of September 30, 2024 and February 6, 2024, respectively; 545,000,000 and 65,000,000 shares authorized, 34,998,550 and 3,197,975 shares issued and outstanding as of September 30, 2024 and February 6, 2024, respectively 35
Additional paid-in capital 397,345 1
Accumulated deficit (57,943)
Total stockholders’ equity 342,368 1
Total liabilities, convertible preferred stock and stockholders’ equity 414,090 1
Related Party    
Current liabilities:    
Related party common stock warrant liability 7,681
Related party accounts payable and other current liabilities 6,357
Series A convertible preferred stock    
Current liabilities:    
Convertible preferred stock
Series A non-voting convertible preferred stock    
Current liabilities:    
Convertible preferred stock 52,841
Stockholders’ equity:    
Series B non-voting convertible preferred stock, $0.001 par value; 251,504 and no shares authorized as of September 30, 2024 and February 6, 2024, respectively; 137,138 and no shares issued and outstanding as of September 30, 2024 and February 6, 2024, respectively 52,841  
Series B Non-Voting Convertible Preferred Stock    
Stockholders’ equity:    
Series B non-voting convertible preferred stock, $0.001 par value; 251,504 and no shares authorized as of September 30, 2024 and February 6, 2024, respectively; 137,138 and no shares issued and outstanding as of September 30, 2024 and February 6, 2024, respectively $ 2,931