PUBLIC OFFERING AND PRIVATE PLACEMENT (Tables)

3 Months Ended

Mar. 31, 2023

Statement of Stockholders' Equity [Abstract]

Schedule of Derivative Liabilities at Fair Value

The fair value of the warrants has been estimated with the following weighted-average assumptions, including the most sensitive input, volatility:

	March 31, 2023	December 31, 2022
Risk-free interest rate	3.80%	4.1%
Volatility	109.00%	102.00%
Expected term (years)	3.38	3.63

The following table reflects the fair value roll forward reconciliation of the Public Warrants liabilities for the period ended March 31, 2023:

(in thousands)	Warrant Derivative Liability
Balance, December 31, 2022	$	809
Change in fair value	(574)
Balance, March 31, 2023	$	235

Summary of Warrants Outstanding and Exercisable

A summary of warrants outstanding and exercisable as of March 31, 2023 is as follows:

Year Issued	Warrants Outstanding and Exercisable	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price
		(in years)	(per share)
2019	5,750,000	3.38	$	13.00
2020	4,149,378	2.60	$	6.50
20201	1,659,752	—	$	—
2021	2,055,920	5.69	$	1.69
20212	20,129,210	—	$	—
	33,744,260