v3.25.2
Condensed Consolidated Statements of Changes in Redeemable Noncontrolling Interest and Shareholders' Equity - USD ($)
$ in Thousands
Class A Ordinary Shares
At The Market Offering
Class A Ordinary Shares
April 2024 Private Placement
Private Placement Warrants
Class A Ordinary Shares
April 2024 Private Placement
Class A Ordinary Shares
Pre-Funded Warrants
Class A Ordinary Shares
Additional Paid-in Capital
At The Market Offering
Additional Paid-in Capital
April 2024 Private Placement
Pre-Funded Warrants
Additional Paid-in Capital
April 2024 Private Placement
Private Placement Warrants
Additional Paid-in Capital
April 2024 Private Placement
Additional Paid-in Capital
Pre-Funded Warrants
Additional Paid-in Capital
Accumulated Deficit
Noncontrolling interest
Redeemable Noncontrolling Interest
At The Market Offering
April 2024 Private Placement
Pre-Funded Warrants
April 2024 Private Placement
Private Placement Warrants
April 2024 Private Placement
Total
Balance at Dec. 31, 2023                           $ 18,680          
Redeemable Noncontrolling Interest                                      
Adjustment of redeemable noncontrolling interest from redemption value to carrying value                     $ 7,017     (7,017)         $ 7,017
Accretion of redeemable noncontrolling interest to redemption value                                     (2,337)
Accretion of redeemable noncontrolling interest to redemption value                     2,337     2,337         2,337
Balance at Jun. 30, 2024                           14,000          
Beginning Balance (in shares) at Dec. 31, 2023         43,593,678                            
Balance at Dec. 31, 2023         $ 4           162,820 $ (103,494) $ 1,541           60,871
Increase (Decrease) in Stockholders' Deficit                                      
Issuance of Class A ordinary shares     $ 2           $ 55,221                 $ 55,223  
Issuance of Class A ordinary shares (in shares)     20,090,128                                
Issuance of Pre-Funded Warrants               $ 50,030                 $ 50,030    
Share-based compensation                     5,335               5,335
Net loss                       (18,076)             (18,076)
Ending Balance (in shares) at Jun. 30, 2024         63,683,806                            
Balance at Jun. 30, 2024         $ 6           278,086 (121,570) 1,541           158,063
Balance at Mar. 31, 2024                           11,663          
Redeemable Noncontrolling Interest                                      
Accretion of redeemable noncontrolling interest to redemption value                                     (2,337)
Accretion of redeemable noncontrolling interest to redemption value                     (2,337)     2,337          
Balance at Jun. 30, 2024                           14,000          
Beginning Balance (in shares) at Mar. 31, 2024         43,593,678                            
Balance at Mar. 31, 2024         $ 4           172,246 (111,241) 1,541           62,550
Increase (Decrease) in Stockholders' Deficit                                      
Issuance of Class A ordinary shares   $ 2           $ 55,221                 $ 55,223    
Issuance of Class A ordinary shares (in shares)   20,090,128                                  
Issuance of Pre-Funded Warrants             $ 50,030                 $ 50,030      
Share-based compensation                     2,926               2,926
Net loss                       (10,329)             (10,329)
Ending Balance (in shares) at Jun. 30, 2024         63,683,806                            
Balance at Jun. 30, 2024         $ 6           278,086 (121,570) 1,541           $ 158,063
Balance at Dec. 31, 2024                           11,663          
Balance at Mar. 31, 2025                           11,663          
Beginning Balance (in shares) at Dec. 31, 2024         65,297,530                           65,297,530
Balance at Dec. 31, 2024         $ 7           302,705 (155,897) 1,541           $ 148,356
Ending Balance (in shares) at Mar. 31, 2025         68,374,998                            
Balance at Mar. 31, 2025         $ 7           311,532 (173,339) 1,541           $ 139,741
Balance at Dec. 31, 2024                           11,663          
Balance at Jun. 30, 2025                           11,663          
Beginning Balance (in shares) at Dec. 31, 2024         65,297,530                           65,297,530
Balance at Dec. 31, 2024         $ 7           302,705 (155,897) 1,541           $ 148,356
Increase (Decrease) in Stockholders' Deficit                                      
Issuance of Class A ordinary shares           $ 5,093                 $ 5,093        
Issuance of Class A ordinary shares (in shares) 3,000,000                                    
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares (in shares)       (6,500,000)                              
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares       $ (1)           $ 1                  
Issuance of Class A Ordinary Shares for stock option exercises and restricted stock units, net of shares withheld for taxes                     56               56
Issuance of Class A Ordinary Shares for stock option exercises and restricted stock units, net of shares withheld for taxes (in Shares)         266,740                            
Share-based compensation                     7,376               7,376
Net loss                       (33,435)             $ (33,435)
Ending Balance (in shares) at Jun. 30, 2025         62,064,270                           62,064,270
Balance at Jun. 30, 2025         $ 6           315,231 (189,332) 1,541           $ 127,446
Balance at Mar. 31, 2025                           11,663          
Balance at Jun. 30, 2025                           $ 11,663          
Beginning Balance (in shares) at Mar. 31, 2025         68,374,998                            
Balance at Mar. 31, 2025         $ 7           311,532 (173,339) 1,541           139,741
Increase (Decrease) in Stockholders' Deficit                                      
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares (in shares)       (6,500,000)                              
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares       $ (1)           $ 1                  
Issuance of Class A Ordinary Shares for restricted stock units, net of shares withheld for taxes                     (34)               (34)
Issuance of Class A Ordinary Shares for restricted stock units, net of shares withheld for taxes (in shares)         189,272,000                            
Share-based compensation                     3,732               3,732
Net loss                       (15,993)             $ (15,993)
Ending Balance (in shares) at Jun. 30, 2025         62,064,270                           62,064,270
Balance at Jun. 30, 2025         $ 6           $ 315,231 $ (189,332) $ 1,541           $ 127,446