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Warrant liability
3 Months Ended
Mar. 31, 2022
Warrant liability  
Warrant liability

Note 12 – Warrant Liability

Assumptions used in the valuation of the Private Placement Warrant liability are as follows:

March 31, 

2022

Stock price

 

$

12.86

 

Risk-free interest rate

2.43

%

Expected term

4.3 years

Expected volatility

75

%

Dividend rate

%

Exercise price

$

11.50

There were no transfers in or out of Level 3 from other levels in the fair value hierarchy during the three months ended March 31, 2022.