Annual report pursuant to Section 13 and 15(d)

Business combinations (Tables)

v3.24.0.1
Business combinations (Tables)
12 Months Ended
Dec. 31, 2023
Business combinations  
Summary of the consideration transferred and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date

Consideration transferred:

Fair value of 357,429,306 ordinary shares issued

$

60,763

Fair value of replacement options and RSU-style options granted attributable to pre-combination service:

963

Purchase consideration

$

61,726

Identifiable assets acquired and liabilities assumed:

Assets acquired

Cash and cash equivalents

$

43,610

Restricted cash

1,654

Marketable securities - available-for-sale debt securities

39,532

Other current assets and prepaid expenses

6,029

Property, plant and equipment

2,712

Operating lease right-of-use assets

5,145

Intangible assets

58

Total assets acquired

$

98,740

Liabilities assumed

Accounts payable

(6,210)

Accrued expenses and other current liabilities

(4,537)

Operating lease liabilities, current

(1,974)

Operating lease liabilities, non-current

(2,244)

Total liabilities assumed

$

(14,965)

Net assets acquired and liabilities assumed

$

83,775

Schedule of calculation for the gain on bargain purchase

Gain on bargain purchase

Purchase consideration

$

(61,726)

Net assets acquired and liabilities assumed

83,775

Gain on bargain purchase

$

22,049

Schedule of amount of revenue and earnings of the combined entity

Year ended

Year ended

December 31, 2023

December 31, 2022

Revenue

$

60,281

$

27,148

Net loss

(177,312)

(301,879)

Schedule of acquisition-related costs that were recognized as an expense

Legal, professional and accounting fees

$

5,174

Bankers' fees

2,172

Total acquisition-related costs

$

7,346