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Condensed Consolidated Interim Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Share capital [Member]
Treasury shares [Member]
Share premium [Member]
Other reserve [Member]
Share-based payment reserve [Member]
Accumulated losses [Member]
Balance at the beginning (in Shares) (Previously stated [member]) at Dec. 31, 2022   401,804,238 6,930,235        
Balance at the beginning (in Shares) at Dec. 31, 2022   28,800,926 496,752        
Balance at the beginning (Previously stated [member]) at Dec. 31, 2022 $ (448,120) $ 41 $ (68) $ 12,279 $ 3,398 $ 10,830 $ (474,600)
Balance at the beginning at Dec. 31, 2022 (448,120) 3 $ (68) 12,317 3,398 10,830 (474,600)
Recapitalization of Apollomics at Exchange Ratio (Increase (decrease) due to changes in accounting policy and corrections of prior period errors [member]) at Dec. 31, 2022   $ (38)   38      
Recapitalization of Apollomics at Exchange Ratio, (in Shares) (Increase (decrease) due to changes in accounting policy and corrections of prior period errors [member]) at Dec. 31, 2022   (373,003,312) (6,433,483)        
Loss and total comprehensive loss for the period (150,694)           (150,694)
Exercise of share options (in Shares) [1]   47,443          
Exercise of share options [1] 83     83 30 (30)  
Forfeiture of vested share options           (198) 198
Restricted share awards vested (in Shares) [2]     (496,752)        
Restricted share awards vested [2] 68   $ 68   3 (3)  
Business combination, net of redemptions (in Shares)   3,312,715          
Business combination, net of redemptions 757     757      
Conversion of pre-closing Apollomics convertible preferred shares into Post-Closing Apollomics Ordinary Shares (in Shares)   54,420,956          
Conversion of pre-closing Apollomics convertible preferred shares into Post-Closing Apollomics Ordinary Shares 588,291 $ 6   588,285      
IFRS 2 listing expense 45,524     45,524      
Post-closing Apollomics Class B Ordinary Shares issued to PIPE Investors, net of transaction costs (in Shares)   230,000          
Post-closing Apollomics Class B Ordinary Shares issued to PIPE Investors, net of transaction costs 261     261      
Reclassification from equity to non-current liabilities for maxpro warrants assumed by apollomics upon Closing [3] (7,105)     (7,105)      
Issuance of post-closing Apollomics Class A ordinary shares upon the conversion of post-closing Apollomics Series A Preferred Shares (in Shares)   2,668,750          
Issuance of post-closing Apollomics Class A ordinary shares upon the conversion of post-closing Apollomics Series A Preferred Shares 21,350     21,350      
Recognition of equity-settled share-based payment 5,282         5,282  
Balance at the ending (in Shares) at Jun. 30, 2023   89,480,790          
Balance at the ending at Jun. 30, 2023 55,697 $ 9   661,472 3,431 15,881 (625,096)
Balance at the beginning (in Shares) at Dec. 31, 2023   89,495,790          
Balance at the beginning at Dec. 31, 2023 41,234 $ 9   661,474 3,435 23,281 (646,965)
Loss and total comprehensive loss for the period (35,206)           (35,206)
Shares issued to pipe investors, net of transaction costs (in shares)   19,166,666          
Shares issued to PIPE investors, net of transaction costs 5,049 $ 2   5,047      
Shares issued to employees for compensation (in shares)   1,238,582          
Shares issued to employees for compensation 1,506         1,506  
Shares issued to board members for board fees (in shares)   69,310          
Recognition of equity-settled share-based payment 8,224         8,224  
Balance at the ending (in Shares) at Jun. 30, 2024   109,970,348          
Balance at the ending at Jun. 30, 2024 $ 20,807 $ 11   $ 666,521 $ 3,435 $ 33,011 $ (682,171)
[1] Consists of 435,833 Pre-Closing Apollomics Ordinary Shares issued for share options exercised between January 1, 2023 to March 28, 2023. These Pre-Closing Apollomics Ordinary Shares were exchanged for 31,241 Post-Closing Apollomics Ordinary Shares, in accordance with the Exchange Ratio upon the closing of the Business Combination (the “Closing”). On April 26, 2023, additional share options were exercised resulting in the issuance of 16,202 Post-Closing Apollomics Ordinary Shares.
[2] All unvested restricted shares were milestone-based restricted shares held by the Chief Executive Officer of Apollomics which vested upon the Closing of the Business Combination.
[3] The Maxpro Warrants assumed by Apollomics upon Closing were reclassified from equity to non-current liabilities due to a net share settlement feature, which precludes equity classification under IAS 32. The reclassification resulted in a reduction to equity (share premium) of $7.1 million (as the warrants are no longer equity-classified upon Closing), an increase to warrant liability of $1.3 million, and a decrease to accumulated losses of $5.8 million. The decrease to accumulated losses is a result of remeasurement of the warrants as a result of their liability classification under IAS 32. As the $5.8 million in accumulated losses relates to Maxpro, these accumulated losses are reclassified to share premium (along with all other historical accumulated losses of Maxpro) as a result of the Business Combination and this reduction to share premium is included in the line titled, “Business Combination, net of redemptions” in the condensed consolidated interim statements of changes in shareholders’ deficit above. As such, the net impact of the warrant reclassification on the condensed consolidated interim statements of changes in shareholders’ deficit is to reduce share premium by $1.3 million ($7.1 million less $5.8 million) and the impact of the warrant reclassification on the condensed consolidated interim statement of financial position as of June 30, 2023 is to increase warrant liabilities by $1.3 million and reduce share premium by $1.3 million. There is no impact to the condensed consolidated interim statements of loss and comprehensive loss as a result of the reclassification of the Maxpro Warrants outside of the recognition of the change in fair value of the Maxpro Warrants from March 29, 2023 to June 30, 2023.