Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis
The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):
Fair Value Measurements at June 30, 2022
Level 1 Level 2 Level 3 Total
Assets:
Money market funds $ 232,785  $ —  $ —  $ 232,785 
$ 232,785  $ —  $ —  $ 232,785 
Liabilities:
Contingent earn-out liability $ —  $ —  $ 18,697  $ 18,697 
Contingently issuable common stock liability —  —  3,816  3,816 
Public Warrant liability —  —  5,587  5,587 
$ —  $ —  $ 28,100  $ 28,100 
Fair Value Measurements as of December 31, 2021
Level 1 Level 2 Level 3 Total
Assets:
Money market funds $ 297,536  $ —  $ —  $ 297,536 
$ 297,536  $ —  $ —  $ 297,536 
Liabilities:
Contingent earn-out liability $ —  $ —  21,206  $ 21,206 
Contingently issuable common stock liability —  —  5,264  5,264 
Public Warrant liability —  —  11,030  11,030 
$ —  $ —  $ 37,500  $ 37,500 
Schedule of common stock warrant liability
The following table provides a rollforward of the contingent earn-out liability (in thousands):
December 31, 2021 $ 21,206
Change in fair value (2,509)
June 30, 2022 $ 18,697
The following table provides a rollforward of the contingently issuable common shares (in thousands):
December 31, 2021 $ 5,264 
Change in fair value (1,448)
June 30, 2022 $ 3,816 
The following table provides a rollforward of the public warrant liability (in thousands):
December 31, 2021 $ 11,030
Change in fair value (5,443)
June 30, 2022 $ 5,587