Relationships with Related Parties |
9 Months Ended |
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Sep. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| Relationships with Related Parties | Note 13: Relationships with Related Parties There were no changes in the nature of the transactions from those described in Note 13 to the consolidated financial statements included in the Annual Report. As part of the financing announced in a press release on March 27, 2025, the Company's Board of Directors on March 27, 2025 authorized 3 new transactions with related parties, in accordance with article L 225-38 of the French Commercial Code: –The signature of a Securities Purchase Agreement between the Company and Baker Brothers Advisors LP, a shareholder of the Company owning a fraction of the voting rights above 10% ; –The signature of a Securities Purchase Agreement between the Company and BPIfrance Participations SA, a shareholder with a permanent representative at the Company's Board of Directors; –The signature of a Registration Rights Agreement between the Company and its investors, in particular Baker Brothers Advisors LP and BPIfrance Participations SA. Management changes During the quarter ended September 30, 2025, Caroline Daniere, who served as Chief Human Resources Officer “CHRO” and member of the Executive Committee, departed the Company effective July 23, 2025. James Briggs was appointed as CHRO and became a member of the Executive Committee as of June 24,2025. The Company did not enter into any related-party transactions with either individual under ASC 850 Related Party Disclosures other than compensation arrangements in the ordinary course of business. Board of Directors changes During the same period, Daniel Soland, an independent member of the Board of Directors, resigned effective September 18, 2025. There were no related-party transactions involving M. Soland and the board of directors during the period covered by this report.
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