Quarterly report pursuant to Section 13 or 15(d)

Summary of Milestone Events Payment (Details)

v3.22.2.2
Summary of Milestone Events Payment (Details)
9 Months Ended
Sep. 30, 2022
d
Milestone Period One [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Milestone Event Market capitalization of the combined company for at least ten (10) trading days during any 20 consecutive trading day period during the Milestone Period is equal to or greater than $500,000,000 (the “First Milestone Event”)
Threshold trading days 10
Milestone Payment 20,000,000
Milestone Period Two [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Milestone Event For every $250,000,000 incremental increase in market capitalization of the combined company after the First Milestone Event to the extent such incremental increase occurs for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period, up to a $1,000,000,000 market capitalization of the combined company
Threshold trading days 10
Milestone Payment $10,000,000 per each incremental increase (it being understood, however, that, if such incremental increase results in market capitalization equal to $1,000,000,000, such $10,000,000 payment in respect of such incremental increase shall be payable without duplication of any amount payable in respect of a Second Milestone Event, as defined below)
Milestone Period Three [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Milestone Event Market capitalization of the combined company for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period is equal to or greater than $1,000,000,000 (the “Second Milestone Event”)
Threshold trading days 10
Milestone Payment 25,000,000
Milestone Period Four [Member]  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]  
Milestone Event For every $1,000,000,000 incremental increase in market capitalization of the combined company after the Second Milestone Event to the extent such incremental increase occurs for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period
Threshold trading days 10
Milestone Payment $25,000,000 per each incremental increase