v3.26.1
Accounting Principles (Tables)
12 Months Ended
Dec. 31, 2025
Text block1 [abstract]  
Fair value of Initial Investment Agreement at Initial Recognition Date Determined on Basis of Share Price

The fair value of the IIA at the initial recognition date was determined in accordance with IFRS 13 Fair Value Measurement accounting standard based upon Cellectis' quoted share price at the date of signature, as follows:

 

 

As of November 1, 2023

 

Number of shares issued

 

 

16,000,000

 

Spot share price (in €)

 

 

2.63

 

Spot foreign exchange rate

 

 

1.05

 

Fair value of shares in $ thousands

 

 

44,272

 

Proceeds received in $ thousands

 

 

80,000

 

Proceeds reallocated to the JRCA in $ thousands

 

 

35,728

 

Summary of Assumptions Used and Estimated Fair Value

At initial recognition on November 14, 2023, as of December 31, 2023 and as of May 3, 2024 (i.e. the closing date of the SIA), assumptions used and estimated fair value are as follows:

 

 

As of November 14, 2023

 

 

As of December 31, 2023

 

 

As of May 3, 2024

 

Number of shares to be issued

 

 

28,000,000

 

 

 

28,000,000

 

 

 

28,000,000

 

Subscription price (in $)

 

 

5.00

 

 

 

5.00

 

 

 

5.00

 

Expected life of derivative (in years)

 

0.11

 

 

0.25

 

 

 

0.00

 

Spot share price (in €)

 

 

2.33

 

 

 

2.76

 

 

 

2.76

 

Foreign exchange rate

 

 

1.09

 

 

 

1.10

 

 

 

1.07

 

Risk-free rate at maturity

 

 

5.7

%

 

 

5.5

%

 

n.a.

 

Volatility

 

 

119.6

%

 

n.a.

 

 

n.a.

 

Probability of transaction completion

 

 

72.0

%

 

 

81.0

%

 

 

100.0

%

Fair value in $ thousands

 

 

48,365

 

 

 

42,694

 

 

 

56,970

 

Schedule of Sensitivity of Derivative Fair Value to Probability of Transaction Completion

Sensitivity of the derivative fair value to the probability of transaction completion

Fair value in $ thousands

 

As of November 14, 2023

 

 

As of December 31, 2023

 

Probability of transaction completion -2%

 

 

47,022

 

 

 

41,640

 

Expected probability of transaction completion estimated by management

 

 

48,365

 

 

 

42,694

 

Probability of transaction completion +2%

 

 

49,709

 

 

 

43,748

 

Schedule of Sensitivity of Derivative Fair Value to Expected Life of Derivative

Sensitivity of the derivative fair value to the expected life of the derivative

Fair value in $ thousands

 

As of December 31, 2023

 

Expected life of derivative +1 month

 

 

42,197

 

Expected life of derivative estimated by management

 

 

42,694

 

Expected life of derivative -1 month

 

 

43,194