XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.1
Forward Merger - Narratives (Details) - USD ($)
$ / shares in Units, $ in Thousands
6 Months Ended
Jul. 21, 2023
Apr. 27, 2023
Jan. 06, 2023
Feb. 08, 2021
Jun. 30, 2023
Sep. 30, 2023
Jun. 08, 2023
Dec. 31, 2022
Dec. 12, 2022
Forward Merger                  
Number of shares to be received prior to merger 2.328                
Common stock, par value           $ 0.0001   $ 0.0001  
Common stock, shares outstanding           37,159,600   138,825,356  
Number of common stock issued on conversion 1                
Cash           $ 16,177   $ 9,746  
Founder Shares                  
Forward Merger                  
Common stock, par value $ 0.0001                
Common stock, shares outstanding 6,900,000                
Number of common stock issued on conversion 1                
Number of founder shares subject to vesting and forfeiture conditions. 3,450,000 3,450,000              
Value of shares       $ 0          
Percentage of shares subject to vesting and forfeiture conditions 50.00%                
Remaining shares without vesting conditions 3,450,000                
Grante date fair value of remaining shares without vesting conditions expensed $ 31,400                
Founder Shares | Sponsor                  
Forward Merger                  
Shares purchased       6,900,000          
Proceeds from IPO       $ 25,000          
Share price       $ 0.004          
Committed Financing Arrangements | Class A member                  
Forward Merger                  
Number of shares issued upon conversion         3,571,429        
Conversion price of convertible debt         $ 7.00        
Priveterra | Founder Shares                  
Forward Merger                  
Remaining shares without vesting conditions       6,900,000          
Grante date fair value of remaining shares without vesting conditions expensed       $ 69,000          
Intangible Assets Acquired                  
Forward Merger                  
Number of shares to be received prior to merger                 2.328
Cash               2,000  
Intangible Assets Acquired | Committed Financing Arrangements                  
Forward Merger                  
Number of shares issued upon conversion         3,571,429        
Conversion price of convertible debt         $ 7.00        
Intangible Assets Acquired | Priveterra                  
Forward Merger                  
Common stock, par value $ 0.0001                
Aggregate principal amount     $ 15,000            
Shares issued for Committed Financing (in shares)     2,226,182            
Fair value of contingent consideration   $ 125,700 $ 125,699            
Fair value of the replacement awards $ 13,300 13,300 $ 13,331            
Voting interest acquired (as a percent)     100.00%            
Share price     $ 10.84            
Cash     $ 2,001         $ 29,200  
Intangible Assets Acquired | Priveterra | Employee Stock Option                  
Forward Merger                  
Fair value of the replacement awards   11,500              
Intangible Assets Acquired | Priveterra | RSU                  
Forward Merger                  
Fair value of the replacement awards   $ 1,800              
Intangible Assets Acquired | Priveterra | Additional Committed Financing Agreement with A1                  
Forward Merger                  
Aggregate principal amount             $ 20,000    
Notes issued         $ 14,000        
Shares issued for Committed Financing (in shares)         2,226,182        
Proceeds from issuance of convertible notes         $ 25,000        
Intangible Assets Acquired | Priveterra | A1 and Daewoong                  
Forward Merger                  
Aggregate principal amount     15,000            
Intangible Assets Acquired | Priveterra | Priveterra and Old AEON                  
Forward Merger                  
Aggregate principal amount     5,000            
Intangible Assets Acquired | Operating expenses                  
Forward Merger                  
Acquired in-process research and development     $ 348,000            
Discount rate used in determining the value of the acquired IPR&D     25.00%            
Implied internal rate used in determining the value of the acquired IPR&D     24.80%            
Long-term growth rate used in determining the value of the acquired IPR&D     4.00%