- Filed
- Oct 9, 2026
- Pages
- 263
- Underwriters
- 5
Road to listing
193 days from first draft to public filing- Draft submittedMar 30 · DRSA first draft of the registration statement, sent to the SEC in confidence.0001193125-26-132031
- Draft amendedMay 12 · DRS/A0001193125-26-219770
- Draft amendedJun 10 · DRS/A0001193125-26-264239
- Filed in publicOct 9 · S-1The registration statement, public for the first time.0001193125-26-419104
- AmendedOct 22 · S-1/AThe registration statement, revised.0001193125-26-428300
- AmendedToday · S-1/AThe registration statement, revised.0001193125-26-431023
- RoadshowNot yet · FWPA company that filed drafts in confidence must file in public at least 15 days before its roadshow begins.
- EffectiveNot yet · EFFECTThe SEC declares the registration statement effective, and the shares can be sold.
- PricedNot yet · 424B4The final prospectus, with the price the shares sold at.
- First tradeNot yet · ASPEThe shares open on the exchange, and the desk covers the company in full.
The company sent the SEC 3 drafts in confidence over 193 days, then filed in public on October 9, 2026. The dashed stops are still to come.
Cash
Jun 30, 2026p. F-26
Total assets
Jun 30, 2026p. F-26Liabilities $22.54M
Reading
Thaler Agent, each line on its passageBalance sheet
As filed, in the prospectus’s own lines.
| Line | Dec 31, 2024 | Dec 31, 2025 | Jun 30, 2026 |
|---|---|---|---|
| Cash and cash equivalents | |||
| Marketable securities | |||
| Prepaid expenses and other current assets | |||
| Total current assets | |||
| Operating lease right-of-use assets | |||
| Property and equipment, net | |||
| Restricted cash | |||
| Other noncurrent assets | |||
| Total assets | |||
| Total liabilities | — | — | |
| Convertible preferred stock | — | — | |
| Accounts payable | |||
| Accrued expenses | |||
| Operating lease liabilities, current | |||
| Other current liabilities | |||
| Total current liabilities | |||
| Operating lease liabilities, noncurrent | |||
| Other noncurrent liabilities | — | — | |
| Series Seed convertible preferred stock | |||
| Series Seed-2 convertible preferred stock | |||
| Series A-1 convertible preferred stock | |||
| Series A-2 convertible preferred stock | |||
| Series B convertible preferred stock | |||
| Series C convertible preferred stock | — | ||
| Common stock | — | — | — |
| Additional paid-in capital | |||
| Accumulated other comprehensive (loss) income | — | ||
| Accumulated other comprehensive income | — | ||
| Accumulated deficit | |||
| Total stockholder’s (deficit) equity | — | — | |
| Total stockholders’ deficit | |||
| Total liabilities, convertible preferred stock and stockholders’ deficit | |||
| Cash, cash equivalents, and marketable securities | — | — | |
| Working capital | — | — |
Read from the prospectus’s tables, merged into one statement: the audited financial statements first, every other table checked against them.
From SEC EDGAR · Form S-1/A · 0001193125-26-431023 · filed October 26, 2026