Earnout Liability (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instrument Detail [Abstract]

Summary of Earnout Liability Activity

The following represents a summary of the earnout liability activity during the year ended December 31, 2022 (in thousands):

	Earnout Liability
Balance at December 31, 2021	$	—
Recognized upon Business Combination		58,871
Changes in fair value		(58,308	)
Balance at December 31, 2022	$	563

Summary of Weighted Average Assumptions Used to Determine Fair Value of Earnout Liability

The following weighted-average assumptions were used to determine the fair value of the earnout liability at December 31, 2022:

	Earnout Liability
Expected term	4.0 years
Expected volatility		86.0	%
Expected dividend yield		0.0	%
Risk free interest rate		4.0	%
Price of Gelesis Common Stock	$	0.29