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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Feb. 06, 2024
Current assets:    
Cash and cash equivalents $ 61,575
Marketable securities, current 314,073
Subscription receivable 1
Prepaid expenses and other current assets 1,221
Total current assets 376,869 1
Marketable securities, long-term 18,069
Property and equipment, net 162
Operating lease right-of-use assets 876
Other non-current assets 43
Total assets 396,019 1
Current liabilities:    
Accounts payable 3,462
Accrued expenses and other current liabilities 3,346
Operating lease liability, current 213
Total current liabilities 13,043
Operating lease liability, non-current 755
Total liabilities 13,798
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.001 and $0.001 par value as of December 31, 2024 and February 6, 2024, respectively; 545,000,000 and 65,000,000 shares authorized, 37,440,510 and 3,197,975 shares issued and outstanding as of December 31, 2024 and February 6, 2024, respectively 37
Additional paid-in capital 463,018 1
Accumulated other comprehensive loss (41)
Accumulated deficit (83,724)
Total stockholders’ equity 382,221 1
Total liabilities, convertible preferred stock and stockholders’ equity 396,019 1
Related Party    
Current liabilities:    
Related party accounts payable and other current liabilities 6,022
Series A Convertible Preferred Stock    
Current liabilities:    
Convertible preferred stock, value
Series A Non-Voting Convertible Preferred Stock    
Current liabilities:    
Convertible preferred stock, value
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 December 31, 2024 and February 6, 2024, respectively; 137,138 and no shares issued and outstanding as of December 31, 2024 and February 6, 2024, respectively $ 2,931