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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy

The following table presents the Company's fair value hierarchy for financial liabilities:

			Fair Value Measurements as of March 31, 2022
			Level 1						Level 2						Level 3						Total
Liabilities:
Warrants
Public Warrant liability			$	51,405					$	—					$	—					$	51,405
Private Warrant liability			$	—					$	—					$	47,188					$	47,188
Earn-out Tier 2			$	—					$	—					$	217,404					$	217,404
Derivative liability			$	—					$	—					$	17,248					$	17,248

Summary of Fair Value Measurement Inputs

Volatility is a significant unobservable input assumed for each fair value measurement as disclosed in the table below:

			March 31, 2022
			Input
Liabilities:
Private warrants			50.00		%
Second Tier Vesting Event			50.00		%
Derivative liability			135.00		%

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

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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

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