Quarterly report pursuant to Section 13 or 15(d)

Business combinations (Tables)

v3.23.2
Business combinations (Tables)
6 Months Ended
Jun. 30, 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:

857

Purchase consideration

$

61,620

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

$

(61,620)

Net assets acquired and liabilities assumed

83,775

Gain on bargain purchase

$

22,155

Schedule of amount of revenue and earnings of the combined entity

Six months ended

Six months ended

June 30, 2023

June 30, 2022

Revenue

$

52,731

$

9,113

Net loss

(86,202)

(143,556)

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

The Company incurred the following acquisition-related costs that were recognized as an expense in the six months ended June 30, 2023:

Legal, professional and accounting fees

4,993

Bankers' fees

2,172

Total acquisition-related costs

$

7,165