|
FY2025
12 months to Dec 31, 2025
|
|
|---|---|
| Cash flows from operating activities | |
| Net income (loss) | |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | |
| Unrealized foreign exchange gain | |
| Loss on issuance of bridge loan and warrant liability | |
| Change in fair value of warrants | |
| Change in fair value of share-settled contingent liability | |
| Share-based compensation | |
| Remeasurement of bridge loan | |
| Interest expense - non-cash | |
| Depreciation expense | |
| Issuance costs allocated to liability classified warrants | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | |
| Accounts receivable, net | |
| Accounts payable | |
| Accrued expenses and other current liabilities | |
| Other non-current liabilities | |
| Net cash used in operating activities | |
| Cash flows from investing activities | |
| Purchases of equipment | |
| Net cash used in investing activities | |
| Cash flows from financing activities | |
| Proceeds from Bridge Loans | |
| Payment of debt issuance costs for Bridge Loans | |
| Proceeds from Business Combination, net of transaction costs | |
| Proceeds from PIPE financing | |
| Payments to related party loans | |
| Net cash provided by financing activities | |
| Effect of exchange rate changes on cash and cash equivalents | |
| Net change in cash and cash equivalents | |
| Cash and cash equivalents at beginning of the period | |
| Cash and cash equivalents at end of the period | |
| Non-cash investing and financing activities: | |
| Initial value of warrant liabilities issued in connection with Bridge Loans | |
| Conversion of Bridge Loans | |
| Reclassification of excess of fair value of share-settled contingent liability over additional paid-in capital to accumulated deficit | |
| Issuance of Share-settled Contingent Liability | |
| Conversion of share-settled Contingent Liability into ordinary shares upon milestone achievement | |
| Issuance of ordinary shares and Advisor Warrant in exchange for services |
Loading...
