On April 4, 2022, we completed the sale of the ATOM Facility to FDB for net proceeds of $94.8 million, after deducting transaction costs of $4.6 million and other adjustments to the purchase price. The sale resulted in a gain of $50.2 million included within Other income (expense), net for the three and nine months ended September 30, 2022. As disclosed in Note 8, although we have assigned the lease for the ATOM Facility to FDB, we have not received novation from the landlord. Therefore, the lease-related assets and liabilities for the ATOM Facility remain on our balance sheet. Refer to the summary of assets sold and gain on sale of the ATOM Facility:


(in thousands)
Net proceeds from sale of ATOM Facility	$	94,765

Assets sold:
Prepaid expenses and other current assets	$	190
Property and equipment, net		44,299
Other assets		39
Less: Assets sold		44,528
Gain on sale of ATOM Facility	$	50,237

In connection with the sale, we entered into a Transition Services Agreement (“TSA”) with FDB, pursuant to which we are assisting them in the transition of certain functions, including, but not limited to, information technology, finance and technical operations. FDB will reimburse us at cost for all third-party expenses incurred in conjunction with the TSA and for time incurred by our employees to satisfy requirements set forth by the TSA. The reimbursements are recorded as reductions to the related Operating expenses and the amounts associated with reimbursements for employee time incurred were not material for the three and nine months ended September 30, 2022. Any amounts owed to us by FDB under the TSA as of September 30, 2022 are included in Prepaid expenses and other current assets.