v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination [Line Items]  
Schedule of Fair Value of Acquired Identifiable Intangible Assets

The following table summarizes the fair value of acquired identifiable intangible assets at the date of the acquisition:

 

 

October 31, 2025

 

 

Weighted-Average Life

Trade name and trademarks

 

$

18,000

 

 

5 years

Developed technology

 

 

74,000

 

 

10 years

Customer relationships

 

 

61,000

 

 

3 years

Total acquired intangible assets

 

$

153,000

 

 

 
Schedule of Unaudited Pro Forma Information

The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the consolidated results of operations of the combined businesses had the acquisitions actually occurred at the beginning of the respective periods, nor is it indicative of the future results of operations of the combined businesses.

 

 

For the Three Months Ended June 30, 2025

 

 

For the Six Months Ended June 30, 2025

 

Pro forma revenue

 

$

61,116

 

 

$

159,314

 

Pro forma net loss and comprehensive loss

 

$

(67,614

)

 

$

(156,441

)

Pro forma net loss per common share – basic and diluted

 

$

(6.06

)

 

$

(13.55

)
SciTec  
Business Combination [Line Items]  
Schedule of Consideration Paid and The Fair Value of Assets Acquired, and Liabilities Assumed

The table below sets forth the consideration paid, the fair value of the assets acquired, and liabilities assumed at the acquisition date, as well as the measurement period adjustments recorded as of June 30, 2026:

 

 

Acquisition Date Amounts Recognized as of October 31, 2025

 

 

Adjustments

 

 

Acquisition Date Amounts Recognized, As Adjusted as of June 30, 2026

 

Consideration

 

 

 

 

 

 

 

 

 

Cash, net of cash acquired

 

$

277,417

 

 

 

—

 

 

$

277,417

 

Net working capital adjustment

 

 

—

 

 

 

3,321

 

 

 

3,321

 

Equity (issuance of common stock)

 

 

269,556

 

 

 

—

 

 

 

269,556

 

Total consideration, net of cash acquired

 

$

546,973

 

 

$

3,321

 

 

$

550,294

 

 

 

 

 

 

 

 

 

 

 

Assets acquired and liabilities assumed

 

 

 

 

 

 

 

 

 

Short-term investments

 

$

8,413

 

 

$

—

 

 

$

8,413

 

Accounts receivable

 

 

45,769

 

 

 

—

 

 

 

45,769

 

Other current assets

 

 

1,962

 

 

 

—

 

 

 

1,962

 

Property and equipment

 

 

7,718

 

 

 

—

 

 

 

7,718

 

Right-of-use assets

 

 

2,276

 

 

 

—

 

 

 

2,276

 

Intangible assets

 

 

153,000

 

 

 

—

 

 

 

153,000

 

Goodwill

 

 

433,022

 

 

 

3,321

 

 

 

436,343

 

Total assets

 

 

652,160

 

 

 

3,321

 

 

 

655,481

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

 

11,178

 

 

 

—

 

 

 

11,178

 

Accrued expenses

 

 

49,780

 

 

 

—

 

 

 

49,780

 

Operating lease liabilities, current

 

 

711

 

 

 

—

 

 

 

711

 

Deferred revenue

 

 

1,770

 

 

 

—

 

 

 

1,770

 

Other current liabilities

 

 

840

 

 

 

—

 

 

 

840

 

Operating lease liabilities, non-current

 

 

3,716

 

 

 

—

 

 

 

3,716

 

Deferred tax liabilities

 

 

37,192

 

 

 

—

 

 

 

37,192

 

Total liabilities

 

 

105,187

 

 

 

—

 

 

 

105,187

 

Net assets acquired

 

$

546,973

 

 

$

3,321

 

 

$

550,294