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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Measurements

Schedule of financial liabilities measured and recorded at fair value on a recurring basis

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March 31, 2023

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Level 1

Level 2

Level 3

Total

Assets

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​

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​

​

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​

​

​

​

​

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Commercial Paper

​

$

166,411

​

$

—

​

$

—

​

$

166,411

Corporate Bonds

​

$

243,163

​

$

—

​

$

—

​

$

243,163

Government Bonds

​

$

48,774

​

$

—

​

$

—

​

$

48,774

U.S. Treasuries

​

—

​

​

—

​

​

—

​

—

​

​

​

​

​

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Liabilities

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​

​

​

​

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Public Warrants

​

$

5,576

​

$

—

​

$

—

​

$

5,576

Private Warrants

​

$

—

​

$

6,203

​

$

—

​

$

6,203

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

​

Level 1

Level 2

Level 3

Total

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Commercial Paper

​

$

165,179

​

$

—

​

$

—

​

$

165,179

Corporate Bonds

​

$

227,957

​

$

—

​

$

—

​

$

227,957

Government Bonds

​

$

42,865

​

$

—

​

$

—

​

$

42,865

U.S. Treasuries

​

9,930

​

​

—

​

​

—

​

9,930

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

​

​

​

​

​

​

​

​

​

Public Warrants

​

$

4,900

​

$

—

​

$

—

​

$

4,900

Private Warrants

​

$

—

​

$

4,217

​

$

—

​

$

4,217

​

Schedule of Level 2 inputs used in the recurring valuation of the Private Placement Warrants

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​	​	​	​	​	​	​	​
​		March 31, 2023			December 31, 2022
Exercise Price	​	$	11.50	​	$	11.50	​
Stock Price	​	$	3.01	​	$	2.54	​
Volatility	​		79.0	%		71.3	%
Term	​		3.69	​		3.94	​
Risk-free rate	​		3.67	%		4.03	%

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Schedule of reconciliation of the warrants measured at fair value

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​	​	​	​	​	​	​
​	​	Public Warrants		​	Private Warrants
​		Level 1 Fair Value			Level 2 Fair Value
December 31, 2022	​	$	0.42	​	$	0.55
Change in fair value	​	$	0.04	​	$	0.31
March 31, 2023	​	$	0.46	​	$	0.86

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Schedule of change in fair value for the Public Warrants and Private Placement Warrants

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Three months change in

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Warrant Class

Level

Warrants

December 31, 2022

fair value

March 31, 2023

Public Warrants

1

12,120,985

​

$

4,900

​

$

676

​

$

5,576

Private Warrants

2

7,212,318

​

$

4,217

​

$

1,986

​

$

6,203

Total

19,333,303

​

$

9,117

​

$

2,662

​

$

11,779

X

- Definition

Tabular disclosure of the per share value of fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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