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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 221 $ 0 $ 451 $ 0
Operating expenses        
Research and development 25,882 29,404 53,145 56,637
General and administrative 14,048 13,652 28,403 26,495
Total operating expenses 39,930 43,056 81,548 83,132
Operating loss (39,709) (43,056) (81,097) (83,132)
Interest income 3,593 4,537 7,620 9,380
Interest expense (1) (3) (1) (5)
Net loss before income taxes (36,117) (38,522) (73,478) (73,757)
Income tax expense (benefit) 848 (56) 1,439 42
Net loss before noncontrolling interest (36,965) (38,466) (74,917) (73,799)
Net loss attributable to noncontrolling interest (20,413) (25,960) (41,631) (51,801)
Net loss available to Class A ordinary shareholders (16,552) (12,506) (33,286) (21,998)
Common Class A [Member]        
Operating expenses        
Net loss available to Class A ordinary shareholders $ (16,552) $ (12,506) $ (33,286) $ (21,998)
Weighted average Class A ordinary shares outstanding, Basic 130,730,840 75,908,017 129,858,450 68,429,869
Weighted average Class A ordinary shares outstanding, Diluted 130,730,840 75,908,017 129,858,450 68,429,869
Net loss per share attributable to Class A ordinary shares, Basic $ (0.13) $ (0.16) $ (0.26) $ (0.32)
Net loss per share attributable to Class A ordinary shares, Diluted $ (0.13) $ (0.16) $ (0.26) $ (0.32)