Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Financial Liabilities Recognized at Fair Value on Recurring Basis

As of March 31, 2025 and December 31, 2024, the Company’s financial liabilities recognized at fair value on a recurring basis consisted of the following:

	As of March 31, 2025
(In thousands of USD)	Level 1		Level 2		Level 3		Total
Derivative warrant liability (Public Warrants)		22,022		—		—		22,022
Derivative warrant liability (Private Placement Warrants)		—		1,501		—		1,501
Derivative earnout liability		—		—		—		—
Total financial liabilities		22,022		1,501		—		23,523

	As at December 31, 2024
(In thousands of USD)	Level 1		Level 2		Level 3		Total
Derivative warrant liability (Public Warrants)		35,134		—		—		35,134
Derivative warrant liability (Private Placement Warrants)		—		2,380		—		2,380
Derivative earnout liability		—		—		44,798		44,798
Total financial liabilities		35,134		2,380		44,798		82,312

Schedule of Estimated Fair Value of Derivative Earnout Liability

As such, the relevant inputs to the fair value of the derivative earnout liability are as follows:

	At Settlement			December 31, 2024
Ordinary Share value (USD)	$	23.41		$	25.70
Probability of milestone completion		100	%		100	%
Dividend yield		0	%		0	%
Strike price (USD)		0.00			0.00

Summary of Reconciliation of Derivative Earnout Liability Measured on Recurring Basis Using Level 3 Inputs

The following table presents a reconciliation of the derivative earnout liability measured on a recurring basis using Level 3 inputs as of March 31, 2025:

Balance on December 31, 2024	44,798
Change in fair value recognized through profit and loss	(3,992	)
Settlement of derivative earnout liability upon achievement of milestone	(40,806	)
Balance on March 31, 2025	—