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Subsequent events
3 Months Ended
Dec. 31, 2021
Subsequent events  
Subsequent events

16. Subsequent events

Issuance of contingent consideration for iGenomX acquisition

During December 2021, the Company determined that the transition milestones specified in the iGenomX acquisition agreement were completed, and the Company became obligated to issue 59,190 shares of its common stock to satisfy the contingent consideration. The shares of common stock were subsequently issued by the Company during January 2022 along with an immaterial cash payment for fractional shares. The contingent consideration expense was accrued at fair market value as of December 31, 2021.

Revelar SAFE

On February 3, 2022, the Company purchased an additional SAFE issued by Revelar for $2.5 million pursuant to the Asset License and Contract Assignment Agreement between the parties. In exchange for the SAFE, the Company obtained the right to receive shares of Revelar issued in a future preferred stock financing.