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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses:        
Selling, general and administrative $ 3,321 $ 4,946 $ 7,970 $ 8,787
Research and development 4,439 9,025 10,172 18,230
Change in fair value of contingent consideration (161,233)   (97,464)  
Total operating costs and expenses (153,473) 13,971 (79,322) 27,017
Income (loss) from operations 153,473 (13,971) 79,322 (27,017)
Other income (loss):        
Change in fair value of convertible notes 1,795 (1,453) 1,708 (6,110)
Change in fair value of warrants 5,905   (14,999)  
Loss on embedded forward purchase agreements and derivative liabilities, net 2,905   (20,012)  
Other income, net 34 45 75 109
Total other income (loss), net 10,639 (1,408) (33,228) (6,001)
Income (loss) before taxes 164,112 (15,379) 46,094 (33,018)
Net income (loss) and comprehensive income (loss) $ 164,112 $ (15,379) $ 46,094 $ (33,018)
Basic net income (loss) per share (in dollars per share) $ 4.22 $ (0.11) $ 1.21 $ (0.24)
Diluted net income (loss) per share (in dollars per share) $ 4.22 $ (0.11) $ 1.21 $ (0.24)
Weighted average shares of common stock outstanding used to compute basic net income (loss) per share 38,843,627 138,825,356 38,055,850 138,825,356
Weighted average shares of common stock outstanding used to compute diluted net income (loss) per share 38,843,627 138,825,356 38,055,850 138,825,356
Financial Designation, Predecessor and Successor [Fixed List] Successor Predecessor Successor Predecessor