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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating expenses        
Research and development $ 12,226 $ 6,735 $ 22,531 $ 9,583
General and administrative 5,935 2,248 12,639 3,213
Total operating expenses 18,161 8,983 35,170 12,796
Loss from operations (18,161) (8,983) (35,170) (12,796)
Other income (expense)        
Currency exchange gain (loss), net (286) 155 (305) 292
Interest income 158   173  
Interest expense (102) (71) (226) (143)
Fair value adjustments preference shares tranche obligations   (29,460)   (29,460)
Total other income (expense), net (230) (29,376) (358) (29,311)
Loss before income tax expense (18,391) (38,359) (35,528) (42,107)
Income tax expense 104 0 171 0
Net loss (18,495) (38,359) (35,699) (42,107)
Cumulative dividends on class B and C preference shares   (2,094)   (3,933)
Net loss attributable to common shareholders $ (18,495) $ (40,453) $ (35,699) $ (46,040)
Net loss per common share, basic $ (0.64) $ (228.29) $ (1.24) $ (259.82)
Net loss per common share, diluted $ (0.64) $ (228.29) $ (1.24) $ (259.82)
Weighted-average number of shares used in computing net loss per common share, basic 28,815,267 177,200 28,815,267 177,200
Weighted-average number of shares used in computing net loss per common share, diluted 28,815,267 177,200 28,815,267 177,200
Other comprehensive loss        
Net loss $ (18,495) $ (38,359) $ (35,699) $ (42,107)
Foreign currency translation (4,379) 1,190 (7,026) (576)
Total comprehensive loss $ (22,874) $ (37,169) $ (42,725) $ (42,683)