v3.26.1
Business Combination (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination  
Summary of fair value of the consideration

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​

Fair value of contingent consideration

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$

7,948,000

Reimbursement right asset

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​

(2,297,806)

Fair value of common stock issued

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​

1,232,618

Fair value of preferred stock issued

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​

133,097,333

Total Consideration Paid

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$

139,980,145
Summary of assets acquired and liabilities assumed

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Assets acquired:

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​

​

Cash

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$

2,224

Prepaid expenses and other current assets

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​

114,427

Property and equipment, net of depreciation

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​

388,894

In-process research and development assets: Seviprotimut-L

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​

114,300,000

Goodwill

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​

25,744,143

Total assets acquired

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$

140,549,688

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​

​

Liabilities assumed:

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​

​

Accounts payable and accrued expenses

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$

569,543

Deferred tax liability

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​

—

Total liabilities assumed

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​

569,543

Net assets acquired

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$

139,980,145
Summary of intangible assets and goodwill acquired in connection with the acquisition

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Carrying Value

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​

Acquisition Date

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​

as of

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Level 3

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June 30, 

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Fair Value

  ​ ​ ​

Impairment

  ​ ​ ​

2026

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​

​

​

​

​

​

​

​

​

Seviprotimut-L

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$

114,300,000

​

$

—

​

$

114,300,000

Total in-process research and development (IPR&D)

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$

114,300,000

​

$

—

​

$

114,300,000

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​

​

​

​

​

​

​

​

​

Goodwill

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$

25,744,143

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$

—

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$

25,744,143