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BUSINESS COMBINATION AND REVERSE RECAPITALIZATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Shares of Common Stock issued and outstanding | After giving effect to the above, shares of the Company’s Common Stock issued and outstanding immediately after the closing of the Business Combination were as follows (including restricted stock issued to certain executives upon closing):
Stockholder |  | Number of Shares
FVAC public stockholders(1) |  | 34,464,151 |
Private Placement Warrants |  | 890,000 |
MPMO unitholders(2) |  | 71,941,538 |
SNR unitholders |  | 19,999,942 |
PIPE Financing |  | 20,000,000 |
Restricted stock issued to certain MPMO executives |  | 2,013,006 |
Total |  | 149,308,637 |
(1)Represents the outstanding shares held by FVAC’s public stockholders (Class A common stock) which were not redeemed in connection with the Business Combination. The Company received gross proceeds of $344.7 million and net proceeds of $332.6 million after $12.1 million of underwriting commissions in connection with the sale of these shares. (2)Includes 5,384,563 shares issued relating to the Shenghe Warrant.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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