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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Expenses        
Research and development $ 3,732 $ 1,957 $ 8,717 $ 5,605
General and administrative 5,834 5,043 16,769 13,210
Depreciation and amortization 180 126 488 363
Total operating expenses and loss from operations 9,746 7,126 25,974 19,178
Other (income) expenses        
Interest income (2,309) 0 (6,077) 0
Interest expense, net of capitalized interest 0 0 0 2,839
Change in fair value of derivatives (1,129) 0 (1,725) 1,426
Change in fair value of warrants liability 1,419 (13,481) (15,610) 7,363
Change in fair value of earnout liability (15,147) (21,511) (63,561) (67,008)
Other income, net (879) (27) (1,577) (651)
Total other income, net (18,045) (35,019) (88,550) (56,031)
Net income 8,299 27,893 62,576 36,853
Other comprehensive income (loss)        
Unrealized (loss) on marketable securities (1,403) 0 (10,783) 0
Foreign currency translation adjustment, net of tax (7,253) (1,068) (8,061) 24
Total comprehensive income (loss) $ (357) $ 26,825 $ 43,732 $ 36,877
Net income per share, basic (in dollars per share) $ 0.06 $ 0.20 $ 0.46 $ 0.41
Net income per share, diluted (in dollars per share) $ 0.06 $ 0.20 $ 0.44 $ 0.39
Weighted-average common shares outstanding, basic (in shares) 138,061,829 136,749,956 137,348,180 89,244,640
Weighted-average common shares outstanding, diluted (in shares) 142,197,014 141,239,965 142,134,560 94,029,056