Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 204,017 $ 146,101
Short-term investments 828,233 910,692
Total cash, cash equivalents and short-term investments 1,032,250 1,056,793
Restricted cash 0 3,204
Other receivables 4,659 4,021
Prepaid expenses and other current assets 18,842 20,160
Total current assets 1,055,751 1,084,178
Property and equipment, net 103,430 92,103
Operating lease right-of-use assets 28,286 25,149
Restricted cash 762 762
Intangible assets 6,585 12,581
Goodwill 14,011 14,011
Other non-current assets 60,610 64,200
Total assets 1,269,435 1,292,984
Current liabilities    
Accounts payable 3,006 7,710
Operating lease liabilities, current portion 4,312 3,710
Accrued expenses and other current liabilities 37,818 18,783
Total current liabilities 45,136 30,203
Operating lease liabilities, net of current portion 26,349 23,613
Warrant liability 62,936 28,783
Earnout shares liability 95,969 44,055
Other non-current liabilities 4,683 1,589
Total liabilities 235,073 128,243
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock: $0.0001 par value - 100,000,000 shares authorized at December 31, 2023 and 2022. No shares issued and outstanding at December 31, 2023 and 2022. 0 0
Common stock: $0.0001 par value - 1,400,000,000 shares authorized at December 31, 2023 and 2022, 698,262,025 and 622,602,815 shares issued and outstanding at December 31, 2023 and 2022, respectively 70 61
Additional paid-in capital 2,282,475 1,908,179
Accumulated deficit (1,247,703) (734,653)
Accumulated other comprehensive loss (480) (8,846)
Total stockholders’ equity 1,034,362 1,164,741
Total liabilities and stockholders’ equity $ 1,269,435 $ 1,292,984