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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating expenses        
Research and development $ 14,969 $ 16,520 $ 48,776 $ 34,036
General and administrative 4,101 3,990 12,991 11,845
Total operating expenses 19,070 20,510 61,767 45,881
Loss from operations (19,070) (20,510) (61,767) (45,881)
Other income, net 1,047 1,042 3,680 2,485
Change in fair value of warrant liabilities 564 96,439 22,917 51,829
Net income (loss) (17,459) 76,971 (35,170) 8,433
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale securities, net 57 102 (17) 102
Comprehensive income (loss) (17,402) 77,073 (35,187) 8,535
Net income (loss) attributable to common shares - basic $ (16,130) $ 54,429 $ (32,492) $ 5,551
Basic net income (loss) per common share $ (0.21) $ 1.05 $ (0.42) $ 0.13
Weighted-average number of shares outstanding, basic 77,156,068 51,945,920 77,146,407 41,443,049
Net income (loss) attributable to common shares - diluted $ (16,130) $ (15,703) $ (32,492) $ (53,230)
Diluted net loss per common share $ (0.21) $ (0.28) $ (0.42) $ (1.23)
Weighted-average number of shares outstanding - diluted 77,156,068 55,478,342 77,146,407 43,106,746
Series X and Series X1 Non-voting Convertible Preferred Stock [Member]        
Supplemental Income Statement Elements [Abstract]        
Net income (loss) attributable to non-voting convertible preferred stock - basic $ (1,330) $ 6,666 $ (2,679) $ 852
Basic net income (loss) per $ (11.61) $ 58.21 $ (23.4) $ 7.44
Weighted-average shares outstanding, basic 114,508 114,508 114,508 114,508
Net loss attributable to non-voting convertible preferred stock - diluted $ (1,330) $ (1,801) $ (2,679) $ (7,856)
Diluted net loss per $ (11.61) $ (15.73) $ (23.4) $ (68.6)
Weighted-average shares outstanding, diluted 114,508 114,508 114,508 114,508