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Subsequent Events (Tables)
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Schedule of Estimated Fair Value of Consideration Associated with Merger

The total estimated fair value of consideration associated with the Merger as of the acquisition date was comprised of:

(U.S. Dollars, in thousands, except shares and price per share)

 

 

 

Share Consideration:

 

 

 

Orthofix common shares to be issued in exchange for SeaSpine common shares

 

 

16,104,854

 

Orthofix closing price per share as of January 4, 2023

 

$

22.76

 

Estimated fair value of shares issued in exchange for SeaSpine common shares

 

$

366,546

 

Estimated fair value of Orthofix stock options and RSUs issued in exchange for outstanding SeaSpine equity awards

 

 

11,508

 

Total estimated fair value of consideration

 

$

378,054