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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses        
Research and development $ 26,364 $ 11,558 $ 51,981 $ 40,048
General and administrative 13,455 9,180 28,714 47,152
Total operating expenses 39,819 20,738 80,695 87,200
Operating loss (39,819) (20,738) (80,695) (87,200)
Interest income 5,965 0 11,262 0
Interest expense (4) (170) (7) (184)
Net loss before income taxes (33,858) (20,908) (69,440) (87,384)
Income tax expense 965 1,223 2,292 2,233
Net loss before noncontrolling interest (34,823) (22,131) (71,732) (89,617)
Net loss attributable to noncontrolling interest (25,705) 0 (52,949) 0
Net loss available to Class A ordinary shareholders (9,118)   (18,783)  
Common Class A [Member]        
Operating expenses        
Net loss available to Class A ordinary shareholders $ (9,118) $ (22,131) $ (18,783) $ (89,617)
Weighted Average Number of Shares Outstanding, Basic [1] 64,562,209   64,551,281  
Weighted Average Number Of Shares Outstanding, Diluted [1] 64,562,209   64,551,281  
Net loss per share attributable to Class A ordinary shares, Basic [1] $ (0.14)   $ (0.29)  
Net loss per share attributable to Class A ordinary shares, Diluted [1] $ (0.14)   $ (0.29)  
[1]

(1) The Company analyzed the calculation of net loss per share for periods prior to the Business Combination, as defined in Note 1, on July 11, 2022 and determined that it resulted in values that would not be meaningful to the users of the consolidated financial statements, as the capital structure completely changed as a result of the Business Combination. Therefore, net loss per share information has not been presented for periods prior to the Business Combination. For more information refer to Note 8.