Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 110,548 $ 204,017
Short-term investments 813,340 828,233
Total cash, cash equivalents and short-term investments 923,888 1,032,250
Other receivables 6,939 4,659
Prepaid expenses and other current assets 20,863 18,842
Total current assets 951,690 1,055,751
Property and equipment, net 103,606 103,430
Operating lease right-of-use assets 28,596 28,286
Restricted cash 762 762
Intangible assets 5,013 6,585
Goodwill 14,011 14,011
Other non-current assets 60,679 60,610
Total assets 1,164,357 1,269,435
Current liabilities:    
Accounts payable 3,731 3,006
Operating lease liabilities, current portion 4,492 4,312
Accrued and other current liabilities 30,017 37,818
Total current liabilities 38,240 45,136
Operating lease liabilities, net of current portion 26,517 26,349
Warrant liability 46,969 62,936
Earnout shares liability 72,984 95,969
Other non-current liabilities 4,516 4,683
Total liabilities 189,226 235,073
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock: $0.0001 par value - 100,000,000 shares authorized. No shares issued and outstanding. 0 0
Common stock: $0.0001 par value - 1,400,000,000 shares authorized; 705,312,495 and 698,262,025 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively. 70 70
Additional paid-in capital 2,318,932 2,282,475
Accumulated deficit (1,342,290) (1,247,703)
Accumulated other comprehensive loss (1,581) (480)
Total stockholders’ equity 975,131 1,034,362
Total liabilities and stockholders’ equity $ 1,164,357 $ 1,269,435