Asset Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Consideration Paid and Allocation of Purchase Price for Acquisition

The fair value of the consideration of approximately $771.1 million, inclusive of the transaction costs incurred in connection with the Bluejay Acquisition, is summarized as follows (in thousands):


Equity consideration	$	415,271
Equity holdback - indemnity	47,112
Cash consideration, including cash paid in lieu of equity to satisfy taxes	274,814
Cash holdback - indemnity	23,721
Cash holdback - working capital	957
Transaction costs	9,201
Total purchase consideration	$	771,076

The above noted stock-based compensation is comprised as follows (in thousands):


Equity consideration	$	10,643
Cash consideration, including cash paid in lieu of equity to satisfy taxes	20,742
Equity holdback - indemnity	2,143
Cash holdback - indemnity and working capital	1,122
Total	$	34,650

Allocation of the consideration transferred to the net assets acquired was as follows (in thousands):


Assets acquired:
IPR&D	$	724,006
Assembled workforce	2,296
Cash and cash equivalents	54,335
Prepaid expenses and other current assets	4,258
Operating lease right-of-use asset	1,113
Other non-current assets	3,888
Total assets acquired	$	789,896

Liabilities assumed:
Accounts payable	1,589
Accrued expenses and other current liabilities	16,616
Operating lease liabilities, noncurrent	615
Total liabilities assumed	$	18,820
Net assets acquired	$	771,076