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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value of Financial Instruments  
Summary of carrying amounts and fair values of financial assets and liabilities

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March 31, 2022

 

December 31, 2021

Financial Assets (Liabilities) Not Measured at Fair Value

    

Carrying
Amount

    

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Fair Value

    

Carrying
Amount

    

Fair Value

ABL Facility (See Note 8) - Level 2

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$

(16,000)

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$

(16,000)

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$

—

 

$

—

Senior Secured Notes (See Note 8) - Level 1

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$

(331,205)

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$

(346,793)

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$

(330,212)

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$

(348,075)

Summary of inputs used to calculate the fair value of the warrant liabilities

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March 31,

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December 31,

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2022

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2021

Exercise Price

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$

11.50

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$

11.50

Stock Price

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$

6.00

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$

3.56

Dividend Yield

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%

0.00

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%

0.00

Expected Term (in Years)

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1.96

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2.20

Risk-Free Interest Rate

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%

2.23

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%

0.78

Expected Volatility

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%

48.00

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%

64.00

Per Share Value of Warrants

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$

0.53

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$

0.30

Schedule of changes in Level 3 liabilities measured at fair value

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Private Placement Warrants

Balance at December 31, 2021

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$

1,600

Change in fair value of warrant liabilities

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1,227

Balance at March 31, 2022

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$

2,827