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Term Loan (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Outstanding Term Loans Payable

The outstanding term loans payable consists of the following:

			September 30, 2025						December 31, 2024
			(in thousands)
Note payable			$	30,000					$	30,000
Unamortized debt discount and issuance costs			(2,344)						(3,905)
Net carrying amount of note payable			27,656						26,095
Less: current portion of note payable			(6,000)						—
Note payable, net, less current portion			$	21,656					$	26,095

Schedule of Interest Expense

The following table provides the components of interest expense related to the K2HV Loan Agreement:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(in thousands)
Interest expense based on coupon interest rate (10.3%) of outstanding term loans			$	790					$	790					$	2,344					$	1,305
Amortization of debt discount and accretion of Final Fee (8.94%)			551						454						1,561						740
Total interest expense on effective rate (19.24%)			$	1,341					$	1,244					$	3,905					$	2,045

Schedule of Total Principal Payments Maturities

The following table presents the total principal payments and Final Fee scheduled to become due during each of the years ended December 31 (in thousands):

2025 (remaining as of September 30, 2025)			$	—
2026			9,600
2027			14,400
2028			8,085
Total principal payments and Final Fee			$	32,085

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