| Number of Warrants in Issue |
|
|
|
|
|
|
|
(In thousands) |
|
Tradeable |
|
Non-tradeable |
|
Total |
|
|
No. of warrants |
|
No. of warrants |
|
No. of warrants |
In issue at January 1, 2022 |
|
8,625 |
|
7,691 |
|
16,316 |
Issuance of Additional AlbaCore Warrants on March 31, 2022 |
|
— |
|
879 |
|
879 |
In issue at March 31, 2022 |
|
8,625 |
|
8,570 |
|
17,195 |
|
|
|
|
|
|
|
|
|
|
Tradeable |
|
Non-tradeable |
|
Total |
(In thousands) |
|
No. of warrants |
|
No. of warrants |
|
No. of warrants |
In issue at January 1, 2021 |
|
— |
|
— |
|
— |
Issuance of Alkuri Warrants on October 21, 2021 |
|
8,625 |
|
5,933 |
|
14,558 |
Issuance of AlbaCore Warrants on November 4, 2021 |
|
— |
|
1,758 |
|
1,758 |
In issue at December 31, 2021 |
|
8,625 |
|
7,691 |
|
16,316 |
|
| Schedule of Reconciliation of Fair Values |
See reconciliation of fair values below:
|
|
|
|
|
|
|
|
|
|
|
Tradeable |
|
Non-tradeable |
|
Non-tradeable |
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
|
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
Balance at December 31, 2021 |
|
5,865 |
|
4,035 |
|
10,228 |
|
20,128 |
Fair value of Additional AlbaCore Warrants upon issuance |
|
— |
|
— |
|
3,418 |
|
3,418 |
Change in fair value of warrant liabilities |
|
(1,294) |
|
(890) |
|
(3,391) |
|
(5,575) |
Balance at March 31, 2022 |
|
4,571 |
|
3,145 |
|
10,255 |
|
17,971 |
|
See reconciliation of fair values below:
|
|
|
|
|
|
|
|
|
|
|
|
Tradeable |
|
Non-tradeable |
|
Non-tradeable |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
|
|
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
Balance at December 31, 2019 |
|
— |
|
— |
|
— |
|
— |
|
Balance at December 31, 2020 |
|
— |
|
— |
|
— |
|
— |
|
Fair value of Alkuri Warrants upon issuance |
|
18,371 |
|
12,638 |
|
— |
|
31,009 |
|
Fair value of AlbaCore Warrants upon issuance |
|
— |
|
— |
|
16,930 |
|
16,930 |
|
Change in fair value of warrant liabilities |
|
(12,506) |
|
(8,603) |
|
(6,702) |
|
(27,811) |
|
Balance at December 31, 2021 |
|
5,865 |
|
4,035 |
|
10,228 |
|
20,128 |
|
|