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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 loss $ (174,523) $ (60,011)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 492 9
Change in fair value of preferred stock tranche liability   17,030
Research and development license expense 9,750 9,000
Stock-based compensation 18,184 3,354
Other 388  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (3,361) (6,585)
Accounts payable 14,494 1,961
Accrued expenses and other liabilities 17,542 4,512
Due to related party (8) 1
Net cash used in operating activities (117,042) (30,729)
Cash flows from investing activities    
Purchase of research and development license (6,250) (9,000)
Purchase of property, plant and equipment (15,304) (82)
Net cash used in investing activities (21,554) (9,082)
Cash flows from financing activities    
Proceeds from Term Loan, net 39,957  
Proceeds from initial public offering, net of underwriting discounts and commission and other offering costs   165,854
Payment of shelf registration costs (360)  
Other (514)  
Proceeds from note payable to related party   1,673
Repayment of note payable to related party   (1,673)
Net cash provided by financing activities 39,083 291,064
Net (decrease) increase in cash, cash equivalents and restricted cash (99,513) 251,253
Cash, cash equivalents and restricted cash at the beginning of the period 251,253  
Cash, cash equivalents and restricted cash at the end of the period 151,740 251,253
Cash and cash equivalents 149,103 251,253
Restricted cash 2,637  
Supplemental disclosure of cash flow information:    
Cash paid for interest 641 28
Supplemental disclosure of noncash investing and financing activities:    
Property, plant and equipment in accounts payable and accrued expenses 8,282 214
Acquisition of property, plant and equipment funded by landlord 606  
Build-to-suit lease liability 26,250  
Deferred offering costs not yet paid 141  
Reclassification of preferred stock tranche liability   18,080
Allocation of preferred stock tranche liability   1,050
Conversion of Series A and Series B convertible preferred stock to common stock   142,240
Purchase of research and development license not yet paid $ 3,500  
Series A Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from convertible preferred stock, net of issuance costs   29,395
Series B Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from convertible preferred stock, net of issuance costs   $ 95,815