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Net Loss Per Share (Tables)
11 Months Ended
Dec. 31, 2024
Net Loss per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share Attributable to Stockholders

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.
Schedule of Anti-Dilutive Effect Excluded from Potential Computation of Diluted Net Loss Per Share

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