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v3.25.2

Background (Details) |  |  | 1 Months Ended | 6 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Aug. 05, 2025 | Jun. 22, 2025 USD ($) $ / shares | Mar. 31, 2025 employee | Jun. 30, 2025 USD ($) employee $ / shares | Dec. 31, 2024 USD ($) employee $ / shares | Aug. 01, 2025 USD ($) | Dec. 31, 2023 $ / shares
Background |  |  |  |  |  |  |
Common stock, par value (in USD per share) | $ / shares |  |  |  | $ 0.001 | $ 0.001 |  | $ 0.001
Combined Company |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Ownership (as a percent) |  | 90.00% |  |  |  |  |
Subsidiary, ownership, noncontrolling owner (as a percent) |  | 10.00% |  |  |  |  |
Combined Company |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Net cash as of closing |  | $ 0 |  |  |  |  |
Valuation amount |  | 15,000,000 |  |  |  |  |
Exchange ratio, minimum net cash available |  | 0 |  |  |  |  |
Termination fee |  | $ 500,000 |  |  |  |  |
Subsequent Event | Private Placement | Ocugen |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Subscription agreement |  |  |  |  |  | $ 5,000,000 |
Minimum | Subsequent Event |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Conversion ratio | 0.1 |  |  |  |  |  |
Maximum | Subsequent Event |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Conversion ratio | 0.02 |  |  |  |  |  |
OrthoCellix Inc |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Common stock, par value (in USD per share) | $ / shares |  | $ 0.00001 |  |  |  |  |
OrthoCellix Inc | Combined Company |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Concurrent investment |  | $ 25,000,000 |  |  |  |  |
Valuation amount |  | 135,000,000 |  |  |  |  |
Termination fee |  | 750,000 |  |  |  |  |
Reimbursement owed upon termination (up to) |  | $ 500,000 |  |  |  |  |
Employee Severance |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Reduction in workforce, number of employees | employee |  |  |  |  | 62 |  |
Reduction in workforce (as a percent) |  |  |  |  | 58.00% |  |
Restructuring charges |  |  |  |  | $ 4,100,000 |  |
Employee Severance | Cash Preservation Plan, 2025 |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Reduction in workforce, number of employees | employee |  |  |  | 37 |  |  |
Reduction in workforce (as a percent) |  |  |  | 84.00% |  |  |
Restructuring charges |  |  |  | $ 4,200,000 |  |  |
Employee Severance | Cash Preservation Plan, 2025 | Subsequent Event |  |  |  |  |  |  |
Background |  |  |  |  |  |  |
Reduction in workforce, number of employees | employee |  |  | 37 |  |  |  |
Reduction in workforce (as a percent) |  |  | 84.00% |  |  |  |

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