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Common Stock and Preferred Stock (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Shares of Common Stock Reserved for Future Issuance

Shares of Common Stock reserved for future issuance were as follows:

 

 

 

As of September 30, 2025

 

Stock options issued and outstanding

 

 

4,771,142

 

Restricted stock units issued and outstanding

 

 

3,566,373

 

Performance stock units issued and outstanding

 

 

1,760,048

 

Shares available for potential conversion of L1 Convertible Note

 

 

5,305,861

 

Shares available for grant under 2023 Equity Incentive Plan

 

 

1,602,413

 

 

 

 

17,005,837

 

Summary of Shares Issued

The following is a summary of the shares issued under our 2024 ATM Program during the nine months ended September 30, 2025 (in thousands except shares issued and average price per share):

Period Ended

 

Shares Issued

 

 

Average Net Price Per Share(1)

 

 

Gross Proceeds

 

 

Net Proceeds

 

September 30, 2025

 

 

7,472,428

 

 

$

1.56

 

 

$

12,018

 

 

$

11,657

 

 

(1)
Represents the average price per share after commission.