As of June 30, 2024, the Company had approximately $375.8 million in cash and cash equivalents.

 

During the six months ended June 30, 2024, there was a net loss compared with net income during the six months ended June 30, 2023 due to the recognition of a loss on the fair value of financial instruments compared with a gain in the comparable year-earlier period and higher general and administrative and equity compensation expenses reflecting the full costs of the Company operating as a stand-alone entity, subsequent to the separation transaction on October 3, 2023.