XML 234 R65.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 5 Months Ended 7 Months Ended 12 Months Ended
Jul. 21, 2023
Sep. 30, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Jul. 21, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:                
Net loss     $ (118,018) $ (17,639) $ (323,954) $ (60,678)   $ (52,556)
Adjustments to reconcile net loss to net cash used in operating activities:                
Depreciation     25 25 45 54   68
Write-off of deferred offering costs               331
Stock-based compensation expense     1,621 1,360 3,766 3,235   5,892
Write-off of acquired in-process research and development $ 348,000       348,000      
Change in fair value of convertible notes     87 4,657   19,359   4,416
Change in fair value of warrants     20,903   (2,318)      
Change in fair value of embedded forward purchase agreements and derivative liabilities     22,917   8,366 11,789    
Change in fair value of contingent consideration   $ (69,715) 63,769   (52,750)      
Other               (3)
Changes in operating assets and liabilities:                
Prepaid expenses and other current assets     124 39 (693) 36   (66)
Accounts payable     3,136 (3,524) (4,342) (248)   6,613
Accrued expenses and other liabilities     (3,228) 3,984 (2,204) 4,736   (105)
Other assets and liabilities     64 40 4 (28)   (174)
Net cash used in operating activities     (8,600) (11,058) (26,080) (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     5,000 6,000   14,000   44,500
Repayment of convertible notes               (3,992)
Net cash provided by financing activities     5,000 6,000   14,000   40,508
Net decrease in cash and cash equivalents     (3,600) (5,058) (26,080) (7,745)   4,618
Cash and cash equivalents at beginning of period     5,158 9,746   9,746 $ 9,746 5,128
Cash and cash equivalents at end of period     $ 1,558 $ 4,688 $ 5,158   $ 5,158 9,746
Non-cash financing activities:                
Financial Designation, Predecessor and Successor [Fixed List]     Successor Predecessor Successor   Successor  
Predecessor [Member]                
Cash flows from financing activities:                
Cash and cash equivalents at beginning of period   2,001   $ 9,746 $ 2,001 9,746 $ 9,746  
Cash and cash equivalents at end of period 2,001         2,001   $ 9,746
Successor [Member]                
Cash flows from financing activities:                
Cash and cash equivalents at beginning of period   $ 31,238 $ 5,158   31,238      
Cash and cash equivalents at end of period $ 31,238       $ 5,158 $ 31,238 $ 5,158