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Business Combination (Tables) | 9 Months Ended
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Sep. 30, 2022
Business Combinations [Abstract] |
Business Combination schedule | The following table reconciles the elements of the Business Combination to the condensed consolidated statement of cash flows and the condensed consolidated statements of redeemable convertible preferred stock and stockholders’ equity as of the date of closing:
​ | ​ | ​
​ | ​ | (in thousands)
Cash - Ivanhoe's trust and cash, net of redemptions | $ | 51,590
Cash - PIPE Financing | ​ | 274,500
Less: Non-Transaction costs relating to Ivanhoe in conjunction with Closing | ​ | (13,149)
Less: Transaction costs and advisory fees paid | ​ | (26,972)
Net proceeds from Business Combination and PIPE Financing at Closing | ​ | 285,969
Less: Transaction costs paid post Closing | ​ | (3,029)
Financing cash inflow from Business Combination and PIPE Financing | ​ | 282,940
Add: Transaction costs expensed relating to liabilities assumed upon the Business Combination | ​ | 4,649
Less: Transactions costs paid on or before December 31, 2021 | ​ | (3,334)
Less: Sponsor Earn-Out liability | ​ | (36,393)
Less: Liabilities assumed from Ivanhoe | ​ | (387)
Less: Accrued transaction costs | ​ | (12,954)
Net contributions from Business Combination and PIPE Financing | $ | 234,521
​ The number of shares of common stock issued immediately following the consummation of the Business Combination:
​ | ​ | ​
​ | ​ | Number of Shares
Ivanhoe Class A common stock, outstanding prior to Business Combination | ​ | 27,600,000
Less: Redemption of Ivanhoe Class A common stock | ​ | (22,455,850)
Ivanhoe Class A common stock, net of redemptions | ​ | 5,144,150
Ivanhoe Class B ordinary shares, converted to Class A Common Stock upon Closing | ​ | 6,900,000
Total Ivanhoe Class A Common Stock | ​ | 12,044,150
PIPE Investors — Class A Common Stock | ​ | 27,450,000
Old SES common and preferred shares (other than SES Founder Group) converted to Class A Common Stock | ​ | 236,221,766
Old SES Restricted Shares converted to restricted shares of Class A Common Stock | ​ | 2,273,727
SES Founder Group shares of common stock converted to shares of Class B Common Stock | ​ | 39,881,455
Founder Earn-Out Shares (Class B Common Stock) | ​ | 3,999,796
Earn-Out Shares (Class A Common Stock) | ​ | 23,691,182
Earn-Out Restricted Shares (Class A Common Stock) | ​ | 2,308,969
Total | ​ | 347,871,045
Less: Shares of Old SES outstanding prior to Business Combination and PIPE Financing | ​ | (276,103,221)
Business Combination and PIPE Financing Shares | ​ | 71,767,824

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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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