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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

NOTE 9: Subsequent Events

At-the-market offering program

On April 4, 2025, we filed a new shelf registration statement on Form S-3, pursuant to which we may, from time to time in one or more offerings, offer and sell up to $100.0 million in the aggregate of Class A Common Stock, preferred stock, debt securities, warrants and/or units, in any combination. The new shelf registration statement was declared effective on April 11, 2025. On July 18, 2025, we filed a new prospectus supplement for additional sales under the ATM Facility up to $50.0 million of shares of Class A Common Stock. As of August 8, 2025, we have approximately $44.2 million remaining to be sold pursuant to the new prospectus supplement and the accompanying prospectus related to the ATM Facility.

From July 1, 2025 to August 8, 2025, the Company sold 2,750,030 shares of Class A Common Stock, generating approximately $19.7 million of proceeds, net of commissions and other issuance costs, under the Company’s at-the-market offering program, resulting in cash on hand of $24.2 million as of August 8, 2025.

On July 18, 2025, the Company filed a prospectus supplement to amend the April 2025 Prospectus Supplement to increase the issuance and sale from time to time to up to $50.0 million in shares of Class A Common Stock subject to, and in accordance with, SEC rules.