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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (121,816) $ (3,213)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation   1
Stock-based compensation 828  
Change in fair value of convertible promissory notes (includes related party amounts of $13,196 and $517, respectively) 51,469 517
Change in fair value of warrant liabilities - related party 43,575  
Amortization of debt discount 81  
Issuance of PIK interest debt 21  
Acquired in-process research and development 2,500  
Loss on disposal of property and equipment 42  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (includes related party amounts of $(692) and $41, respectively) (4,750) 39
Accounts payable, accrued expenses and other long-term liabilities (includes related party amounts of $(2,531) and $(59), respectively) 550 1,103
Accrued interest (includes related party amounts of $717 and $17, respectively) 2,821 17
Operating lease right-of-use assets and liabilities 754  
Net cash used in operating activities (23,925) (1,536)
Cash flows from investing activities    
Cash paid for purchased in-process research and development (2,500)  
Purchase of property and equipment   (6)
Net cash used in investing activities (2,500) (6)
Cash flows from financing activities    
Proceeds from issuance of common stock   1
Proceeds from issuance of common stock in initial public offering 230,006  
Payment of initial public offering costs (16,569)  
Proceeds from issuance of long-term debt, net of issuance costs 4,665  
Proceeds from issuance of convertible promissory notes   1,750
Net cash provided by financing activities 218,102 1,751
Net increase in cash, cash equivalents and restricted cash 191,677 209
Cash and, cash equivalents and restricted cash-beginning of period 124,566 457
Cash, cash equivalents and restricted cash-end of period 316,243 $ 666
Supplemental disclosure of cash flow information    
Cash paid for interest 30  
Supplemental disclosure of noncash investing and financing activities    
Operating lease 20,317  
Unpaid initial public offering costs 1,724  
Conversion of convertible promissory notes and accrued interest into common stock 215,364  
Conversion of warrant liability into equity 100,020  
Accreted final interest payment fees $ 70