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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income (loss) $ 42,090 $ (30,302)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 544 479
Amortization on right-of-use asset 280 0
Stock-based compensation 5,767 1,630
Amortization of debt issuance costs 14 90
Accretion of debt discount 2,211 101
Change in fair value of derivatives 1,326 1,088
Change in fair value of warrants liability 4,525 18,498
Change in fair value of earnout liability (75,488) 0
Operating cash flows from operating leases (295) 0
Changes in operating assets and liabilities:    
Other receivables (2,563) 1,007
Grants receivable 0 87
Prepaid expenses and other current assets (3,652) 53
Increase in other liabilities, current 380 0
Accounts payable (395) 1,203
Accrued expenses 3,010 349
Related party payable 203 256
Net cash used in operating activities (22,043) (5,461)
Cash flows from investing activities    
Purchases of property, plant, and equipment, net of grants (12,268) (1,786)
Purchases of marketable securities (2,448,316) 0
Sales of marketable securities 2,024,089 0
Maturities of marketable securities 25,058 0
Capitalized interest on plant construction (201) (268)
Net cash used in investing activities (411,638) (2,054)
Cash flows from financing activities    
Proceeds from stockholders' notes payable, net of debt issuance costs 11,707 3,166
Payment of short-term debt (906) 0
Proceeds from Canadian Government Research and Development Program 543 2,662
Issuance of common stock 74 1
Business combination, net of issuance costs paid 467,530 0
Net cash provided by financing activities 478,948 5,829
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash held in foreign currencies (14) (52)
Net increase (decrease) in cash and cash equivalents, and restricted cash 45,253 (1,738)
Cash and cash equivalents, and restricted cash, beginning of the period 1,874 3,612
Cash and cash equivalents, and restricted cash, end of the period 47,127 1,874
Supplemental disclosure of cash flow information    
Conversion of stockholder convertible notes payable to common stock 20,493 0
Reclassification of redeemable convertible preferred stock warrants to common stock 54,267 0
Reclassification of contingently issued equity to liability 203,082 0
Net assets assumed from business combination 81,364 0
Debt discount related to derivative liability 2,196 0
Business combination transaction costs, accrued but not paid 609 0
Operating lease right-of-use assets obtained in exchange for lease obligations $ 2,062 $ 0