v3.25.2
Business Combinations - Summary of Components of Purchase Consideration (Details) - USD ($)
$ in Thousands
May 30, 2025
Apr. 30, 2025
ID Quantique SA [Member]    
Business Combination [Line Items]    
Fair value of common stock issued [1]   $ 115,764
Fair value of equity awards [2]   3,153
Total purchase consideration   $ 118,917
Lightsynq Technologies Inc. [Member]    
Business Combination [Line Items]    
Cash $ 100  
Fair value of common stock issued [3] 250,127  
Fair value of equity awards [4] 56,604  
Total purchase consideration $ 306,831  
[1] Reflects 4,215,740 shares of the Company’s common stock issued in the acquisition, multiplied by the closing price of the Company’s common stock on the closing date. These shares are inclusive of 902,160 shares held in escrow. The escrow shares are expected to be released within 18 months after the close of the acquisition, subject to reductions for indemnities and working capital adjustments.
[2] Reflects the conversion and issuance of certain equity awards, including stock options. Refer to Note 14 for further details on the Company’s share-based compensation awards, including awards issued in connection with acquisitions.
[3] Reflects 6,200,474 shares of the Company’s common stock issued in the acquisition, multiplied by the closing price of the Company’s common stock on the closing date. These shares are inclusive of 646,986 shares held in escrow. The escrow shares are expected to be released within 12 months after the close of the acquisition, subject to reductions for indemnities and working capital adjustments.
[4] Reflects the conversion and issuance of certain equity awards, including stock options. Refer to Note 14 for further details on the Company’s share-based compensation awards, including awards issued in connection with acquisitions.