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Common Stock | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Common Stock | 8. Common Stock At the closing of the Merger, the shares of Legacy Korro common stock were converted into shares of the Company's common stock based on the exchange ratio determined in the Merger Agreement. As of June 30, 2024, the Company was authorized to issue 200,000,000 shares of common stock, $0.001 per value per share. Prior to the Merger, the holders of Legacy Korro’s common stock were subject to and qualified by the rights, powers and preferences of the holders of the Preferred Stock. Holders of common stock are entitled to one vote per share. In addition, holders of common stock are entitled to receive dividends, if and when declared by the Company’s Board of Directors. As of June 30, 2024, no dividends had been declared. As of June 30, 2024 and December 31, 2023, the Company had reserved for future issuance the following number of shares of common stock:
|  | June 30, 2024 |  |  | December 31, 2023 |
Exercises of outstanding stock options |  |  | 1,298,408 |  |  |  | 1,323,151 |
Exercise of outstanding warrant |  |  | 8,049 |  |  |  | 8,049 |
Future issuances under 2023 Stock Incentive Plan |  |  | 666,976 |  |  |  | 255,694 |
Future issuances under 2023 ESPP Plan |  |  | 168,667 |  |  |  | 88,502 |
Total reserved for future issuance |  |  | 2,142,100 |  |  |  | 1,675,396 |
On April 17, 2024, the Company entered into a subscription agreement with certain new and existing accredited investors to issue and sell an aggregate of 1,249,283 shares of its common stock in a private placement ("PIPE") that resulted in gross proceeds of approximately $70.0 million, before deducting placement agent fees and offering expenses of approximately $2.6 million. The PIPE closed on April 22, 2024.

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