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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis

The Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 were as follows (in thousands):

 

 

 

June 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

192,707

 

 

$

-

 

 

$

-

 

Total assets measured at fair value

 

$

192,707

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Public warrant liability

 

$

24,147

 

 

$

-

 

 

$

-

 

Private placement warrant liability

 

 

-

 

 

 

16,348

 

 

 

-

 

Total liabilities measured at fair value

 

$

24,147

 

 

$

16,348

 

 

$

-

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

314,747

 

 

$

-

 

 

$

-

 

Total assets measured at fair value

 

$

314,747

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Public warrant liability

 

$

34,151

 

 

$

-

 

 

$

-

 

Private placement warrant liability

 

 

-

 

 

 

23,911

 

 

 

-

 

Total liabilities measured at fair value

 

$

34,151

 

 

$

23,911

 

 

$

-