SECIntel
Float & OS11.94 M / 21.88 M
Cash/Shr$3.38
Market Cap & EV—
Short Interest—
Cash$73.90 M
Est. Cash Today$56.55 M
Off AbilityHigh
Off FreqMedium
DilutionLow
Cash NeedMedium
Overall Offering RiskMedium
Warrant Exercise RiskLow
Nasdaq ComplianceLow

Shares Outstanding History

Cash Position

Cash Position

The company has 9.6 months of cash left based on the quarterly cash burn of $-17.60 M and estimated current cash of $56.55 M.

Commentary on Financial Condition

“We have not generated any revenue from product sales and have incurred net losses and negative cash flows from operations since our inception and anticipate we will continue to incur net losses for the foreseeable future. From inception and up to the date of our IPO in February 2025, we had raised a total of $129.1 million in gross proceeds to fund our operations from the sale and issuance of shares of our convertible preferred stock. In February 2025, we completed our IPO with the sale of 6,120,661 shares of common stock, which included the partial exercise by the underwriters of their option to purchase 232,661 additional shares, at an IPO price of $16.00 per share and received net proceeds of $87.5 million. We currently have an effective shelf Registration Statement on Form S-3 (File No. 333-294537) that became effective on April 3, 2026, which allows us to undertake various equity an” (from May 2026 filing’s Liquidity and Capital Resources) Filed At: 2026-05-07

Recent Filings
4Form 42026-09-12
144Form 1442026-09-11
144Form 1442026-09-10
4Form 42026-08-21
4Form 42026-08-21
4Form 42026-08-21
4Form 42026-08-21
8-KForm 8-K2026-08-17
Insights
A $1,000,000 note matures on July 31, 2029.
· 2029-07-31
A shelf registration of $400,000,000 is on file, of which $150,000,000 has been taken down, leaving $250,000,000 available.
S-3 · 2026-04-06
The company completed 1 offering(s) in the last twelve months, raising $150,000,000.
· 2026-04-03
An at-the-market programme of up to $150,000,000 is in place with Piper Sandler.
424B5 · 2026-03-23