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Business Combination (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of business combinations [text block] [Abstract]  
Schedule of common shares issued in Business combination
 

2020

   

No. of
shares

 

Par value
of
0.01 USD

       

USD ‘000

Common shares issued to former shareholders of IGI

 

29,751,444

 

298

Common shares issued to former stockholders of Tiberius *

 

15,674,807

 

157

Unvested shares transferred to certain former shareholders of IGI

 

1,170,348

 

12

Unvested Tiberius Founder shares

 

1,842,152

 

18

   

48,438,751

 

485

Schedule of fair value of the equity instruments
 

2020

Equity Instruments

 

No. of
shares/warrants

 

Fair value per
share/warrant

 

Fair value

       

USD

 

USD ‘000

Common shares

 

14,554,807

 

6.85

 

99,715

Vested Founder shares subject to one year lock-up restriction post Business Combination closing date

 

1,120,000

 

6.39

 

7,156

Unvested Tiberius Founder shares

 

1,842,152

 

3.48

 

6,407

Total Value of Consideration

         

113,278

Schedule of tiberius net assets acquired

Description

 

USD ‘000

Cash proceeds received

 

120,821

 

Less: liabilities assumed in the form of the Public Warrants (12,750,000 Public Warrants at fair value of USD 0.53 per warrant)

 

(6,807

)

Net assets acquired

 

114,014

 

Schedule of fair value of the equity instruments

Description

 

USD ‘000

Value of Consideration

 

113,278

 

Less: net assets acquired

 

(114,014

)

Bargain

 

(736

)