XML 41 R22.htm IDEA: XBRL DOCUMENT v3.25.0.1
Net Loss Per Share
 11 Months Ended
Dec. 31, 2024
Net Loss per Share [Abstract]  
Net Loss Per Share

14. 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):

 

   Period from February 6, 2024
(Inception) to
December 31, 2024		 
   Loss
Allocation		   Weighted
Average
Shares
Outstanding		   Loss Per
Share,
Basic and
Diluted		 
Common Stock  $(65,037)   16,789,362   $(3.87)
Company Series A Preferred Stock (1)   (1,918)   495   $(3,873.25)
Company Series B Preferred Stock (2)   (16,769)   51,946   $(322.81)
Net loss  $(83,724)          

 

(1)The weighted-average number of shares of as-converted Company Series A Preferred Stock used in the loss allocation was 495,191 for the period from February 6, 2024 (inception) to December 31, 2024.

 

(2)The weighted-average number of shares of as-converted Company Series B Preferred Stock used in the loss allocation was 4,328,844 for the period from February 6, 2024 (inception) to December 31, 2024.

 

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: 

 

   December 31,
2024		 
Outstanding employee warrants to purchase common stock   3,054,358 
Outstanding unvested restricted stock awards   2,207,553 
Outstanding and issued common stock options   1,567,760 
Outstanding and issued warrant to Paruka   596,930 
Total   7,426,601