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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 21, 2023
Sep. 30, 2023
Sep. 30, 2024
Jul. 21, 2023
Sep. 30, 2024
Operating expenses:          
Selling, general and administrative $ 1,055 $ 5,265 $ 3,044 $ 9,841 $ 11,014
Research and development 1,573 6,388 972 19,803 11,144
Acquired in-process research and development   348,000      
Change in fair value of contingent consideration   (75,939) 0   (97,464)
Total operating costs and expenses 2,628 283,714 4,016 29,644 (75,306)
(Loss) income from operations (2,628) (283,714) (4,016) (29,644) 75,306
Other (loss) income:          
Change in fair value of convertible notes (13,249)   (1,878) (19,359) (170)
Change in fair value of warrants   1,593 (377)   (15,376)
Income (loss) on embedded forward purchase agreements and derivative liabilities, net (11,789) (15,776) 81 (11,789) (19,931)
Other income, net 5 186 19 114 94
Total other loss, net (25,033) (13,997) (2,155) (31,034) (35,383)
(Loss) income before taxes (27,661) (297,711) (6,171) (60,678) 39,923
Net (loss) income $ (27,661) $ (297,711) $ (6,171) $ (60,678) $ 39,923
Basic net (loss) income per share (in dollars per share) $ (0.20) $ (8.01) $ (0.16) $ (0.44) $ 1.04
Diluted net (loss) income per share (in dollars per share) $ (0.20) $ (8.01) $ (0.16) $ (0.44) $ 0.97
Weighted average shares of common stock outstanding used to compute basic net (loss) income per share 138,848,177 37,159,600 39,515,292 138,848,177 38,545,882
Weighted average shares of common stock outstanding used to compute diluted net (loss) income per share 138,848,177 37,159,600 39,515,292 138,848,177 41,318,831
Financial Designation, Predecessor and Successor [Fixed List] Predecessor Successor Successor Predecessor Successor