v3.26.1
Unaudited Condensed Consolidated Interim Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 4,085 $ 2,627
Current assets of consolidated variable interest entities    
Cash and cash equivalents 751 1,270
Other current assets 137 102
Short term deposits and restricted cash 365 50
Marketable securities 2,175 250
Inventories 4,738 0
Accounts receivable 3,576 506
Other current assets 2,890 224
Loan granted 2,525 2,385
Total Current assets 21,242 13,555
Non-Current Assets    
Operating right of use assets 4,189 823
Non-Current assets of consolidated variable interest entities    
Cash and securities held in trust account 175,889 172,779
Other non-current assets 0 36
Investment under the fair value option 2,454 0
Property and equipment, net 575 101
Goodwill 99,047 7,688
Other intangible assets 12,196 7,388
Intangible assets 0 16
Deferred taxes 318 0
Funds in respect of employee rights upon termination 90 0
Total Non-Current assets 294,758 188,831
Total Assets 316,000 202,386
Current Liabilities    
Short term loan 4,506 12
Accounts payable 4,035 124
Operating lease liability, current portion 1,362 504
Promissory note – related party 2,061 0
Due to related parties 181 255
Other current liabilities 6,059 3,117
Other current liabilities of consolidated variable interest entities 255 104
Loans payable - former related parties, current maturities 750 842
Stock purchase warrant liabilities 124,387 24,521
Deferred considerations 9,592 14,067
Total current liabilities 153,188 43,546
Non-Current liabilities    
Non-current operating lease liabilities 2,685 143
Loan payable - former related parties, net of current maturities 3,285 850
Liability in respect of employee rights upon termination 114 0
Deferred tax liability 498 647
Total Non-Current liabilities 6,582 1,640
Total Liabilities 159,770 45,186
Noncontrolling interests Subject to Possible Redemption 175,889 172,779
Stockholders' Deficit    
Preferred stock ($0.0001 par value; 15,000,000 shares authorized; 200 and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively) [1] 0 0
Common stock ($0.0001 par value; 150,000,000 shares authorized; 758,660 and 152,206 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively) 10 2
Additional paid-in capital 207,104 102,737
Accumulated other comprehensive loss (276) 0
Accumulated deficit (232,162) (122,527)
Total Company’s stockholders’ deficit (25,324) (19,788)
Non-controlling interest 5,665 4,209
Total stockholders’ deficit (19,659) (15,579)
Total liabilities and stockholders’ deficit 316,000 202,386
Related Party    
Current assets of consolidated variable interest entities    
Note receivable - related party 0 4,500
Due from related parties $ 0 $ 1,641
[1] Less than $1 thousand.