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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash flow from operating activities    
Net loss $ (53,643,615) $ (64,506,051)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4,971 12,358
Share-based payment 9,052,909 9,654,778
Share-based compensation for the in-licensing agreement 4,851,000 0
Net periodic pension benefit cost for the qualified pension plan 71,685 304,031
Other non-cash items 3,635 68,454
Changes in operating assets and liabilities:    
Other receivables (148,774) (68,355)
Prepaid expenses (1,449,096) (2,730,373)
Trade and other payables 1,569,290 (1,314,318)
Accrued expenses and other current liabilities 4,512,801 2,685,576
Net cash flow used in operating activities (35,175,194) (55,893,900)
Cash flow from investing activities    
Purchase of short-term marketable debt securities 0 (42,226,021)
Proceeds from maturities of short-term marketable debt securities 0 9,901,437
Purchase of property and equipment (50,710) (16,009)
Net cash flow used in investing activities (50,710) (32,340,593)
Cash flow from financing activities    
Issuance of Common Shares at incorporation 106,507 0
Issuance of Series A Preferred Shares, net 28,159,181 0
Proceeds from Business Combination 0 134,646,009
Contribution for par value of Class V Shares 0 42,935
Proceeds from short-term loans 15,000,000 0
Repayment of loan liability 0 (15,000,000)
Repurchase of treasury shares (6,202) 0
Grants of additional shares under ESPP 3,390 3,791
Net cash flow provided by financing activities 43,262,876 119,692,735
Effect of movements in exchange rates on cash held 1,873 8,540
Net change in cash and cash equivalents 8,038,845 31,466,782
Cash and cash equivalents, beginning of period 0 8,038,845
Cash and cash equivalents, end of period 8,038,845 39,505,627
Supplemental Cash Flow Information [Abstract]    
Cash paid for income taxes 0 4,312
Non-cash operating lease assets obtained in exchange for lease obligations $ 0 $ 435,005