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BUSINESS COMBINATION (Tables)
3 Months Ended
Mar. 31, 2023
BUSINESS COMBINATION  
Schedule of elements of net proceeds from business combination The following table summarizes the elements of the net proceeds from the Business Combination and PIPE Financing transactions (in thousands):

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Recapitalization

Cash - CMLS III's trust account and cash (net of redemptions)

$

158,160

Cash - PIPE Financing

 

1,200,000

Less transaction costs and fees paid as of the Closing Date

 

(53,596)

Proceeds from the Business Combination, net of transaction costs paid as of the Closing Date

 

1,304,564

Less transaction costs paid following the Closing Date

 

(1,363)

Net proceeds from the Business Combination

$

1,303,201

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