Company: SUPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001356576-25-000071
Chunk: 202

Company: SUPERNUS PHARMACEUTICALS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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. Accordingly, the preliminary recognition and measurement of assets acquired and liabilities assumed as of the Sage Closing Date are subject to change.

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The following preliminary purchase price allocation table presents the Company' preliminary estimates of the fair value of assets acquired and liabilities assumed as of the Sage Closing Date (unaudited, dollars in thousands): Fair Value(unaudited)Cash and cash equivalents$243,197 Marketable securities93,181 Accounts receivable, net23,291 Inventories, net50,714 Prepaid expenses and other current assets18,674 Restricted cash1,450 Operating lease asset (1)5,630 Intangible assets166,500 Other assets1,102 Total fair value of assets acquired603,739 Accounts payable and accrued liabilities 44,232 Operating lease liability (1)12,380 Total fair value of liabilities assumed56,612 Total identifiable net assets$547,127 Goodwill2,061 Total purchase price$549,188 Cash consideration paid for Sage's common stock$533,667 Cash consideration paid for cash settlement of Sage's equity awards4,073 Fair value of contingent consideration11,448 Total purchase price$549,188 ______________________________(1)   Refer to Note 13, Leases, for further discussion of the acquired lease asset and assumed lease liability.Acquired Inventory The fair value of the inventory was estimated using the comparative sales method, which estimated the expected sales price of the product, reduced by all costs expected to be incurred to complete or to dispose of the inventory, as well as a profit on the sale. Acquired LeaseAs part of the Sage Acquisition, the Company acquired a lease for commercial real estate. The Company recognized a right-of-use asset and operating lease liability at the acquisition date. The amounts recognized reflect the present value of remaining lease payments, discounted at the Company's incremental borrowing rate. The fair value of the lease ROU asset was measured at an amount equal to the lease liability and evaluated for favorable or unfavorable lease terms when compared with market terms. Refer to Note 13, Leases, for further discussion of the acquired lease asset and assumed lease liability.Acquired Intangible AssetsThe acquired intangible asset include the acquired developed technology and product rights. The Company estimated the fair value of the acquired intangible asset as of the Sage Closing Date using the income approach. The fair value measurements of the acquired intangible assets were estimated based on significant unobservable inputs and therefore, represent a Level