Why did ClimateRock's operating expenses surge in Q3 2024?

ClimateRock's operating expenses increased by 9.3% year-over-year in Q3 2024, which can be attributed to several factors:

1. **Transition to New Fulfillment Center**: The company's operating expenses were higher due to the transition to a new fulfillment center. This transition led to higher transitory expenses, which contributed to the increase in operating expenses.
2. **Olympics Campaign**: ClimateRock also incurred higher digital and brand marketing expenses related to its 2024 Olympics campaign. These increased marketing and selling expenses are reflected in the higher operating expenses as a percentage of net revenues.

In conclusion, ClimateRock's operating expenses surge in Q3 2024 was primarily driven by the transition to a new fulfillment center and the Olympics campaign, which led to higher marketing and selling expenses.