Berkshire Grey, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of assets measured at fair value on a recurring basis

The following table summarizes information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy used to determine such fair values:


	March 31, 2023
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Money Market funds in Cash and Cash Equivalents	$	30,047	$	—	$	—	$	30,047
Total Assets	$	30,047	$	—	$	—	$	30,047
Liabilities
Public Warrants	$	3,167	$	—	$	—	$	3,167
Private Placement Warrants	$	—	$	1,708	$	—	$	1,708
Total Liabilities	$	3,167	$	1,708	$	—	$	4,875

	December 31, 2022
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Money Market funds in Cash and Cash Equivalents	$	53,830	$	—	$	—	$	53,830
Total Assets	$	53,830	$	—	$	—	$	53,830
Liabilities
Public Warrants	$	575	$	—	$	—	$	575
Private Placement Warrants	$	—	$	310	$	—	$	310
Total Liabilities	$	575	$	310	$	—	$	885

Schedule of changes in fair value of warrant liabilities

The change in fair value of warrant liabilities is as follows:


	Warrant Liabilities
	(in thousands)
Balance at December 31, 2022	$	885
Private placement warrants and public warrants
Exercised warrants		—
Change in fair value		3,990
Balance at March 31, 2023	$	4,875

- 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.

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