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Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-based Compensation

Schedule of weighted-average assumptions used to estimate the fair value

​

​	​	​	​	​
​		For the Three Months
​	​	Ended March 31, 2023
Share price	​	$	8.16	​
Expected volatility	​		96.5	%
Risk-free rate	​		3.58	%
Expected life	​		6.1 years	​
Expected dividend yield	​		—	%

​

Schedule of share option activity

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​	​		Weighted		​	​
​	​	​	​	Weighted		​	Average	​	Aggregate
​	​	​	​	Average		​	Remaining	​	Intrinsic
​	​	Number of	​	Exercise Price		​	Contractual	​	Value
​	​	Options	​	(per share)		​	Life (Years)	​	(in thousands)
Options outstanding at December 31, 2022		3,547	​	$	90.50		9.4	​	$	1,804
Recapitalization		379,824	​		(89.66)		—	​		—
Options outstanding at December 31, 2022		383,371	​		0.84		9.4	​		1,804
Granted		1,558,562	​		1.20		—	​		—
Options outstanding at March 31, 2023		1,941,933	​	$	1.13		9.6	​	$	26,781
Options vested and exercisable at March 31, 2023		85,708	​	$	0.84		9.2	​	$	1,207

​

Schedule of restricted Share units activity

​

​	​	​	​	​	​
​		​		Weighted
​	​	​	​	Average
​	​	Number of	​	Grant Date
​	​	RSUs	​	Fair Value
RSUs at December 31, 2022		—	​	$	—
Granted		499,993	​		8.16
RSUs at March 31, 2023		499,993	​	$	8.16

​

Schedule of allocation of share-based compensation expense

​

​	​	​	​	​	​	​
​		​	​		For the Period from
​	​	For the Three		​	January 18, 2022
​	​	Months Ended		​	(date of inception) to
​	​	March 31,		​	March 31,
​	​	2023		​	2022
Research and development	​	$	2,186	​	$	—
General and administrative	​		180	​		—
Total share-based compensation expense	​	$	2,366	​	$	—

​

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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-Section 50
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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