Quarterly report pursuant to Section 13 or 15(d)

Business Combinations and Reverse Recapitalization (Tables)

Business Combinations and Reverse Recapitalization (Tables)
9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
Total consideration was determined to be as follows:
(in thousands) As of July 15, 2022
Cash consideration $ 221,034 
Repayment of INGENCO debt at closing 9,511 
Total purchase price consideration $ 230,545 
Schedule of Preliminary Allocation of Aria Merger Consideration The following table sets forth the preliminary allocation of the consideration.
(in thousands) As of July 15, 2022
Fair value of assets acquired
Cash and cash equivalents $ 919 
Account receivable – net 6,028 
Prepaid expenses and other current assets 322 
Property, plant and equipment, net 41,344 
Intangible assets, net 166,700 
Operating lease right-of-use assets 916 
Other non-current assets 258 
Goodwill 17,992 
Amount attributable to assets acquired $ 241,957 
Fair value of liabilities assumed
Accounts payable $ 2,853 
Accrued and other current liabilities 2,042 
Below-market contracts 1,140 
Long-term operating lease liabilities 715 
Other long-term liabilities 4,662 
Amount attributable to liabilities assumed 11,412 
Net assets acquired 230,545 
Total INGENCO acquisition consideration $ 230,545 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Intangible assets acquired, and their related weighted-average amortization periods, are as follows:
(in thousands) As of July 15, 2022 Weighted- Average
Amortization Period
Biogas rights agreements $ 164,580  17.0 years
Power purchase contracts $ 2,120  7.9 years