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Stockholders' Equity
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity  
Stockholders' Equity

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18.Stockholders’ Equity

The Company has 50,000,000 authorized shares of capital stock, all of which are designated as common stock with par value of $0.001 per share. Each holder of shares of common stock is entitled to one vote for each share held.

At-the-market offering

On August 24, 2024, the Company’s registration statement on Form S-3 became effective, which allowed it to offer and sell securities from time to time in one or more offerings, up to an aggregate value of $150.0 million, including under its June 2024 Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., pursuant to which the Company may offer and sell from time to time its common stock in an at-the-market (“ATM”) offering. Pursuant to this June 2024 agreement, the Company agreed to pay the sales agent commissions for their services in acting as agent with respect to the sale of shares through the ATM offering program. The sales commission and expenses related to the ATM equity offering program are considered direct and incremental costs and are charged against additional paid-in capital on the condensed balance sheet in the period in which the corresponding shares are issued and sold.

As of March 31, 2025, the Company had issued and sold a total of 2,237,988 shares of its common stock for aggregate gross proceeds, net of sales commissions of approximately $119,715.

In April 2025, the Company entered into a new ATM $500.0 million offering program. See Note 23 for further details. Accordingly, it will not sell any further shares of common stock under the June 2024 sales agreement.