Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.22.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets measured at fair value on a recurring basis

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(in thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money Market funds in Cash and Cash
   Equivalents

 

$

162,164

 

 

$

 

 

$

 

 

$

162,164

 

Total Assets

 

$

162,164

 

 

$

 

 

$

 

 

$

162,164

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Public Warrants

 

$

8,625

 

 

$

 

 

$

 

 

$

8,625

 

Private Placement Warrants

 

$

 

 

$

4,651

 

 

$

 

 

$

4,651

 

Total Liabilities

 

$

8,625

 

 

$

4,651

 

 

$

 

 

$

13,276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(in thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money Market funds in Cash and Cash
   Equivalents

 

$

92,858

 

 

$

 

 

$

 

 

$

92,858

 

Total Assets

 

$

92,858

 

 

$

 

 

$

 

 

$

92,858

 

 

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, 2020

 

$

 

Private placement warrants and public warrants

 

 

24,338

 

Exercised warrants

 

 

 

Change in fair value

 

 

(11,061

)

Balance at December 31, 2021

 

$

13,277