Warrants (Tables)

9 Months Ended

Sep. 30, 2021

The following table summarizes the Company's outstanding warrants (dollars in thousands):


	Balance at January 1, 2021			Fair Value Adjustments(1)			Transfers to an Unrelated Third Party			Balance at September 30, 2021
	Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
Warrant liabilities
5-Year Private Warrants	9,888,415	$	15,326	—	$	(10,917)	(394,863)	$	(284)	9,493,552	$	4,125
Seller Warrants	12,721,901	63		—	(38)		—	—		12,721,901	25
Total	22,610,316	$	15,389	—	$	(10,955)	(394,863)	$	(284)	22,215,453	$	4,150

Equity classified warrants
5-Year Public Warrants	24,401,483	$	28,619	—	$	—	394,863	$	284	24,796,346	$	28,903
Public Offering Warrants	9,583,334	12,938		—	—		—	—		9,583,334	12,938
Total	33,984,817	$	41,557	—	$	—	394,863	$	284	34,379,680	$	41,841

(1)Liability classified warrants are subject to fair value remeasurement at each balance sheet date in accordance with ASC 814-40, Contracts on Entity's Own Equity. As a result, fair value adjustments related exclusively to the Company's liability classified warrants. Refer to Note 18 - Fair Value Measurements for further detail on the fair value of the Company's liability classified warrants.

The following table summarizes additional information on the Company's outstanding warrants:

Exercise Price

Exercise Period

Expiration Date

Warrants Outstanding

Warrant liabilities

5-Year Private Warrants

11.50

5 years

May 29, 2025

9,493,552

Seller Warrants

40.31

7 years

October 22, 2022

12,721,901

Equity classified warrants

5-Year Public Warrants

11.50

5 years

May 29, 2025

24,796,346

Public Offering Warrants

10.50

5 years

October 6, 2025

9,583,334