| Summary of classes of share capital |
Changes in the Group's equity during the years ended December 31, 2025 and 2024 were as follows: | | | | | | | | | | | | | | | | Quantity | In US$ (thousands) | | Class A Shares | Class B Shares | Share capital | Other contributed capital | | Balance as of January 1, 2024 | 467,976,748 | | 1,642,233,575 | | (21,168) | | (3,615,187) | |
| | | | | | | | | | | | | | | | Conversion of Class B to Class A (1:1) | 1,592,341,000 | | (1,592,341,000) | | — | | — | | | Equity-settled share-based payment | 144,249 | | — | | (1) | | (9,840) | | | Balance as of December 31, 2024 | 2,060,461,997 | | 49,892,575 | | (21,169) | | (3,625,027) | | | | | | | | Balance as of January 1, 2025 | 2,060,461,997 | | 49,892,575 | | (21,169) | | (3,625,027) | | | Equity issuance - June PIPE | 210,476,190 | | (20,000,000) | | (1,905) | | (197,766) | | | Related party capital contribution | — | | — | | — | | (23,835) | | | Equity-settled share-based payment | 8,937,392 | | — | | (89) | | (9,053) | | | Equity issuance - December PIPE | 465,356,760 | | — | | (4,654) | | (277,777) | | | Balance as of December 31, 2025 | 2,745,232,339 | | 29,892,575 | | (27,817) | | (4,133,458) | |
The following instruments of the Parent were issued and outstanding as of December 31, 2025 and 2024, and are presented in quantity: | | | | | | | | | | As of December 31, | | 2025 | 2024 | | Outstanding shares | | | Class A Shares with a par value of $0.01 | 2,745,232,339 | | 2,060,461,997 | | | of which were owned by related parties | 1,885,066,989 | | 1,675,841,017 | | Class B Shares with a par value of $0.01 | 29,892,575 | | 49,892,575 | | | of which were owned by related parties | 29,892,575 | | 49,892,575 | | Class C-1 Shares with a par value of $0.10 | 20,499,965 | | 20,499,965 | | Class C-2 Shares with a par value of $0.10 | 4,500,000 | | 4,500,000 | | Redeemable Preferred Shares with a par value of GBP 1.00. | 50,000 | | 50,000 | |
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