Comment by tyre

it depends on how much money they had left in the bank. they raised $230m and are being acquired for $116m

highly unlikely they spent all of it. If they spent 130 million dollars, for example, they'd have $100m in the bank and this $116m txn is net $10m acquihire.

Financially, this probably didn't cost HP much yet. The real cost is whatever they approved for this team to build next, which will likely be a money pit.