Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2022

Schedule of company's assets and liabilities that are measured at fair value on a recurring basis

A summary of liability classified warrants is as follows (in thousands, except per share amounts):

	Underlying					Fair Value
	Common	Strike		Redemption	Expiration	at April 30,
Type	Shares	Price		Price	Date	2022
Private Placement Warrants – Sponsor	16,300	$	11.50	None	6/11/26	$	18,093

The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of April 30, 2022 and are categorized using the fair value hierarchy (in thousands):

	Total		(Level 3)
Private Placement Warrants – Sponsor	$	18,093	18,093
Total liabilities recorded at fair value	$	18,093	18,093

Schedule of assumptions valuing warrants classified as liabilities

	April 30, 2022
Risk-free interest rates		2.88	%

Expected dividend yield		—
Volatility factor		50	%
Expected lives (years)		4.1
Value per unit	$	1.11

Schedule of reconciliation of Level 3 instruments

The following tables reconcile Level 3 instruments for which significant unobservable inputs were used to determine fair value:

	For the Three
	Months Ended
	April 30, 2022
Balance as of January 31, 2022 (Successor)	$	28,199
Unrealized gains recognized as other income		(10,106)
Balance as of April 30, 2022 (Successor)	$	18,093
	For the Three
	Months Ended
	April 30, 2021
Balance as of January 31, 2021 (Predecessor (SLH))	$	900
Unrealized losses recognized as other income		(100)
Balance as of April 30, 2021 (Predecessor (SLH))	$	800