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Condensed Consolidated Statements of Changes in Redeemable Noncontrolling Interest, Convertible Preferred Shares and Shareholders' Equity (Deficit) - USD ($)
$ in Thousands
Class A Ordinary Shares
Private Placement April 2024
Class A Ordinary Shares
At The Market Offering
Class A Ordinary Shares
Pre-Funded Warrants
Class A Ordinary Shares
Private Placement Warrants
Class A Ordinary Shares
Public warrants
Class A Ordinary Shares
License agreement with Lilly
Class A Ordinary Shares
Additional Paid-in Capital
Private Placement April 2024
Pre-Funded Warrants
Additional Paid-in Capital
Private Placement April 2024
Additional Paid-in Capital
At The Market Offering
Additional Paid-in Capital
Pre-Funded Warrants
Additional Paid-in Capital
Private Placement Warrants
Additional Paid-in Capital
License agreement with Lilly
Additional Paid-in Capital
Accumulated Deficit
Noncontrolling interest
Redeemable Noncontrolling Interest
Convertible Preferred Shares
Private Placement April 2024
Pre-Funded Warrants
Private Placement April 2024
At The Market Offering
Pre-Funded Warrants
Private Placement Warrants
License agreement with Lilly
Total
Balance (Shares) at Dec. 31, 2022 [1]                                   13,510,415              
Balance at Dec. 31, 2022                                 $ 10,000 $ 12,500 [1]              
Convertible Preferred Shares                                                  
Issuance of Series A-1 convertible preferred shares as license compensation [1]                                   $ 2,186              
Issuance of Series A-1 convertible preferred shares as license compensation (in shares) [1]                                   267,939              
Conversion of Series A-1 convertible preferred shares to Class A Ordinary Shares in connection with Business Combination             $ (2)             $ (14,684)       $ (14,686) [1]             $ (14,686)
Conversion of Series A-1 convertible preferred shares to Class A Ordinary Shares in connection with Business Combination (in shares)             (13,778,354)                     (13,778,354) [1]              
Accretion of redeemable noncontrolling interest to redemption value                                 203                
Deemed dividend to redeemable noncontrolling interest                                 10,875                
Stone Peach Call Right issued to noncontrolling interest                               $ 1,541                 1,541
Net Income (Loss)                             $ (51,887)   (203)               (51,887)
Balance at Sep. 30, 2023                                 20,875                
Beginning Balance (in shares) at Dec. 31, 2022             279,720                                    
Balance at Dec. 31, 2022                             (32,056)                   (32,056)
Increase (Decrease) in Stockholders' Deficit                                                  
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares                     $ 16,070                     $ 16,070      
Issuance of Class A Ordinary Shares in connection with a sale under the ATM, net of $0.2 million of commissions       $ 1               $ 54,133 $ 7,840                   $ 54,134 $ 7,840  
Issuance of Class A Ordinary Shares in connection with a sale under the ATM, net of $0.2 million of commissions (in shares)       15,041,530   1,000,000                                      
Conversion of Series A-1 convertible preferred shares to Class A Ordinary Shares in connection with Business Combination             $ 2             14,684       $ 14,686 [1]             14,686
Conversion of Series A-1 convertible preferred shares to Class A Ordinary Shares in connection with Business Combination (in shares)             13,778,354                     13,778,354 [1]              
Issuance of Class A Ordinary Shares in connection with Business Combination, including PIPE Investment, Forward Purchase Investment, and Backstop Shares, net of $4.0 million of transaction costs             $ 1             48,350                     48,351
Issuance of Class A Ordinary Shares in connection with Business Combination, including PIPE Investment, Forward Purchase Investment, and Backstop Shares (in shares)             12,444,081                                    
Issuance of Class A Ordinary Shares to settle research and development license consideration liability                           4,488                     4,488
Issuance of Class A Ordinary Shares to settle research and development license consideration liability (in shares)             550,000                                    
Reclassification of public warrant liability to equity                           2,001                     2,001
Deemed dividend to redeemable noncontrolling interest                             (10,875)                   (10,875)
Share-based compensation                           10,665                     10,665
Issuance of Restricted share awards (in shares)             499,993                                    
Net Income (Loss)                             (51,887)   (203)               (51,887)
Accretion of redeemable noncontrolling interest to redemption value                             (203)                   (203)
Ending Balance (in Shares) at Sep. 30, 2023             43,593,678                                    
Balance at Sep. 30, 2023             $ 4             158,231 (95,021) 1,541 20,875               64,755
Convertible Preferred Shares                                                  
Net Income (Loss)                             (8,270)                   (8,270)
Balance at Sep. 30, 2023                                 20,875                
Beginning Balance (in shares) at Jun. 30, 2023             43,593,678                                    
Balance at Jun. 30, 2023             $ 4             155,654 (86,751) 1,541 20,875               70,448
Increase (Decrease) in Stockholders' Deficit                                                  
Share-based compensation                           2,577                     2,577
Net Income (Loss)                             (8,270)                   (8,270)
Ending Balance (in Shares) at Sep. 30, 2023             43,593,678                                    
Balance at Sep. 30, 2023             $ 4             158,231 (95,021) 1,541 20,875               64,755
Balance at Dec. 31, 2023                                 18,680                
Convertible Preferred Shares                                                  
Accretion of redeemable noncontrolling interest to redemption value                                                 4,577
Adjustment of redeemable noncontrolling interest from redemption value to carrying value                           7,017     (7,017)               7,017
Net Income (Loss)                             (38,778)                   $ (38,778)
Balance at Sep. 30, 2024                                 16,240                
Beginning Balance (in shares) at Dec. 31, 2023             43,593,678                                   43,593,678
Balance at Dec. 31, 2023             $ 4             162,820 (103,494) 1,541                 $ 60,871
Increase (Decrease) in Stockholders' Deficit                                                  
Issuance of Class A Ordinary Shares in exchange for Private Placement Warrants               $ 50,030                     $ 50,030            
Issuance of Class A Ordinary Shares in exchange of Warrants                       6,230                     6,230    
Issuance of Class A Ordinary Shares in exchange for Private Placement Warrants (in shares)     (4,000,000)                                            
Issuance of Class A Ordinary Shares in exchange of Warrants (in shares)       1,718,108 2,064,082                                        
Issuance of Class A Ordinary Shares in connection with a sale under the ATM, net of $0.2 million of commissions $ 2,000 $ 1             $ 55,221,000 $ 5,533                   $ 55,223,000 $ 5,534        
Issuance of Class A Ordinary Shares in connection with a sale under the ATM, net of $0.2 million of commissions (in shares) 20,090,128 1,500,000                                              
ATM transaction costs                           (626)                     (626)
Issuance of Class A Ordinary Shares for restricted stock units, net of shares withheld for taxes                           (318)                     (318)
Issuance of Class A Ordinary Shares for restricted stock units, net of shares withheld for taxes (in shares)             327,534                                    
Share-based compensation                           13,981                     13,981
Net Income (Loss)                             (38,778)                   (38,778)
Adjustment of redeemable noncontrolling interest from redemption value to carrying value                           7,017     (7,017)               7,017
Accretion of redeemable noncontrolling interest to redemption value                           (4,577)     4,577               $ (4,577)
Ending Balance (in Shares) at Sep. 30, 2024             65,293,530                                   65,293,530
Balance at Sep. 30, 2024             $ 7             295,311 (142,272) 1,541                 $ 154,587
Balance at Jun. 30, 2024                                 14,000                
Convertible Preferred Shares                                                  
Net Income (Loss)                             (20,702)                   (20,702)
Balance at Sep. 30, 2024                                 16,240                
Beginning Balance (in shares) at Jun. 30, 2024             63,683,806                                    
Balance at Jun. 30, 2024             $ 6             278,086 (121,570) 1,541                 158,063
Increase (Decrease) in Stockholders' Deficit                                                  
Issuance of Class A Ordinary Shares in exchange of Warrants                       $ 6,230                     $ 6,230    
Issuance of Class A Ordinary Shares in exchange for Private Placement Warrants (in shares)             (4,000,000)                                    
Issuance of Class A Ordinary Shares in exchange of Warrants (in shares)       1,718,108 2,064,082                                        
Issuance of Class A Ordinary Shares in connection with a sale under the ATM, net of $0.2 million of commissions   $ 1               $ 5,533                     $ 5,534        
Issuance of Class A Ordinary Shares in connection with a sale under the ATM, net of $0.2 million of commissions (in shares)   1,500,000                                              
ATM transaction costs                           (626)                     (626)
Issuance of Class A Ordinary Shares for restricted stock units, net of shares withheld for taxes                           (318)                     (318)
Issuance of Class A Ordinary Shares for restricted stock units, net of shares withheld for taxes (in shares)             327,534                                    
Share-based compensation                           8,646                     8,646
Net Income (Loss)                             (20,702)                   (20,702)
Accretion of redeemable noncontrolling interest to redemption value                           (2,240)     $ 2,240               $ (2,240)
Ending Balance (in Shares) at Sep. 30, 2024             65,293,530                                   65,293,530
Balance at Sep. 30, 2024             $ 7             $ 295,311 $ (142,272) $ 1,541                 $ 154,587
[1] The Company’s convertible preferred shares and Class A Ordinary Shares prior to the closing of the Business Combination (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 108.083 established in the Business Combination Agreement as described in Note 6.