SECIntel
Float & OS— / 32.26 M
Cash/Shr$8.78
Market Cap & EV—
Short Interest—
Cash$283.11 M
Est. Cash Today$246.02 M
Off Ability—
Off Freq—
Dilution—
Cash Need—
Overall Offering Risk—
Warrant Exercise Risk—
Nasdaq Compliance—

Shares Outstanding History

Cash Position

Cash Position

The company has 19.6 months of cash left based on the quarterly cash burn of $-37.63 M and estimated current cash of $246.02 M.

Commentary on Financial Condition

“As of March 31, 2026, the Company had approximately $365.6 million of cash, cash equivalents and marketable securities and working capital of approximately $378.5 million. As of March 31, 2026, the Company had an accumulated deficit of $148.6 million. During the three months ended March 31, 2026, the Company incurred a net loss of $19.1 million, and negative cash flows from operations of $23.3 million. The Company has incurred net losses and negative cash flows from operations since its inception and anticipates it will continue to incur net losses for the foreseeable future. Historically, the Company funded its operations primarily through proceeds from issuances of redeemable convertible preferred stock, common stock and convertible notes. In September 2025, the Company completed its IPO as detailed above. In February 2026, the Company completed a private placement financing resulting ” (from May 2026 filing’s Liquidity and Capital Resources) Filed At: 2026-05-12

Recent Filings
POS AMForm POS AM2026-10-02
S-3ASRForm S-3ASR2026-10-02
3Form 32026-09-25
424B3Form 424B32026-09-15
8-KForm 8-K2026-09-15
3Form 32026-09-15
424B3Form 424B32026-09-03
8-KForm 8-K2026-09-03
Insights
An at-the-market programme of up to $150,000,000 is in place.
8-K · 2026-07-29
An at-the-market programme of up to $100,000,122 is in place with Stifel.
8-K · 2026-02-05
The company completed 1 offering(s) in the last twelve months, raising $261,100,000.
· 2025-09-12