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Convertible Preferred Stock and Stockholders’ Equity (Tables)
8 Months Ended
Sep. 30, 2024
Convertible Preferred Stock and Stockholders’ Equity [Abstract]  
Schedule of Convertible Preferred Stock As of September 30, 2024, convertible preferred stock consisted of the following (in thousands, except share data):
   September 30, 2024 
   Preferred Stock
Authorized
   Preferred Stock
Issued and
Outstanding
   Carrying
Value
   Common Stock
Issuable Upon
Conversion
 
Series A Non-Voting Preferred Stock   2,439    2,439   $52,841    2,439,000 
Series B Non-Voting Preferred Stock   251,504    137,138   $2,931    11,428,149 

 

Schedule of Common Stock Reserved for Future Issuance As of September 30, 2024, the Company had common stock reserved for future issuance as follows:
   September 30,
2024
 
Shares issuable on conversion of Company Series A Preferred Stock   2,439,000 
Shares issuable on conversion of Company Series B Preferred Stock   11,428,149 
Shares issuable upon exercise of pre-funded warrants   6,202,207 
Outstanding and issued stock options   1,287,760 
Outstanding and issued employee warrants   3,054,358 
Shares available for grant under 2024 Stock Incentive Plan   4,526,324 
Shares available for grant under 2024 Employee Stock Purchase Plan   463,489 
Total shares of common stock reserved   29,401,287