Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Significant Accounting Policies

Schedule of property and equipment, net

	March 31,		December 31,
	2024		2023
		Successor		Successor
Furniture and fixtures	$	199	$	199
Equipment		237		237
Leasehold improvements		66		66
Property and equipment		502		502
Accumulated depreciation		(195)		(170)
Property and equipment, net	$	307	$	332

Schedule of other accrued expenses

		March 31,		December 31,
		2024		2023
		Successor		Predecessor
Legal expenses	$	2,325	$	1,867
Excise tax liability		569		569

Operating lease liability - short term portion		205		278
Daewoong vial usage		25		33
Remaining other accrued expenses		988		843
Total other accrued expenses	$	4,112	$	3,590

Schedule of basic and diluted net loss per share

Basic and diluted net loss per share for the three months ended March 31, 2023 (Predecessor) was calculated as follows (in thousands, except share and per share amounts) (unaudited):

Three months ended March 31, 2023 (Predecessor)
Net loss	$	(17,639)
Weighted average common shares outstanding, basic and diluted		138,825,356
Net loss per share, basic and diluted	$	(0.13)

Basic and diluted net loss per share for the three months ended March 31, 2024 (Successor) were calculated as follows (in thousands, except share and per share amounts) (unaudited):

Three months ended March 31, 2024 (Successor)
Net loss	$	(118,018)
Weighted average common shares outstanding, basic and diluted		37,268,074
Net loss per share, basic and diluted	$	(3.17)

Schedule of potentially dilutive securities outstanding have been excluded from the computation of diluted weighted average shares outstanding because such securities have an anti-dilutive impact

	March 31,	March 31,
	2024	2023
	Successor	Predecessor
Warrants	8,276,085	—
Contingent consideration	16,000,000	—
Contingent founder shares	3,450,000	—
Convertible preferred stock outstanding	—	21,257,708
Convertible preferred stock warrants outstanding	—	342,011
Common stock options and restricted stock units	5,536,898	9,694,890
	33,262,983	31,294,609