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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Jul. 21, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ 24,046 $ (60,678) $ (52,556)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 45 54 68
Write-off of deferred offering costs     331
Stock-based compensation expense 3,766 3,235 5,892
Change in fair value of convertible notes   19,359 4,416
Change in fair value of warrants (2,318)    
Change in fair value of embedded forward purchase agreements and derivative liabilities 8,366 11,789  
Change in fair value of contingent consideration (52,750)    
Other     (3)
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (693) 36 (66)
Accounts payable (4,342) (248) 6,613
Accrued expenses and other liabilities (2,204) 4,736 (105)
Other assets and liabilities 3 (28) (174)
Net cash used in operating activities (26,081) (21,745) (35,584)
Cash flows from investing activities:      
Purchases of property and equipment     (306)
Net cash used in investing activities     (306)
Cash flows from financing activities:      
Proceeds from issuance of convertible notes   14,000 44,500
Repayment of convertible notes     (3,992)
Net cash provided by financing activities   14,000 40,508
Net (decrease) increase in cash $ (26,081) (7,745) 4,618
Cash at beginning of period   9,746 5,128
Cash at end of period     9,746
Non-cash financing activities:      
Financial Designation, Predecessor and Successor [Fixed List] Successor    
Predecessor [Member]      
Cash flows from financing activities:      
Cash at beginning of period $ 2,001 9,746  
Cash at end of period   2,001 $ 9,746
Successor [Member]      
Cash flows from financing activities:      
Cash at beginning of period 31,238    
Cash at end of period $ 5,157 $ 31,238