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Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUE:        
Total revenue $ 122   $ 455 $ 10,660
COSTS AND EXPENSES:        
Research and development 14,828 $ 10,785 37,049 38,602
General and administrative 15,037 4,710 34,683 15,585
Total costs and expenses 29,865 15,495 71,732 54,187
LOSS FROM OPERATIONS (29,743) (15,495) (71,277) (43,527)
OTHER (EXPENSE) INCOME, NET:        
Interest income 1,357 392 2,572 1,020
Change in fair value of warrant liabilities (40,184) (27,277) (80,845) (39,611)
Other (expense) income, net (21) 10 (81) 34
Total other expense, net (38,848) (26,875) (78,354) (38,557)
Net loss $ (68,591) $ (42,370) $ (149,631) $ (82,084)
Net loss per share attributable to common stockholders - basic $ (0.48) $ (0.47) $ (1.09) $ (1.09)
Net loss per share attributable to common stockholders - diluted $ (0.48) $ (0.47) $ (1.09) $ (1.09)
Weighted-average common stock outstanding - basic (in shares) 144,345,781 90,669,969 137,893,249 75,482,234
Weighted-average common stock outstanding - diluted (in shares) 144,345,781 90,669,969 137,893,249 75,482,234
License        
REVENUE:        
Total revenue       $ 10,660
Research and development services        
REVENUE:        
Total revenue $ 122   $ 455