Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):

	Fair Value Measurements at June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	232,785	$	—	$	—	$	232,785
	$	232,785	$	—	$	—	$	232,785
Liabilities:
Contingent earn-out liability	$	—	$	—	$	18,697	$	18,697
Contingently issuable common stock liability	—		—		3,816		3,816
Public Warrant liability	—		—		5,587		5,587
	$	—	$	—	$	28,100	$	28,100

	Fair Value Measurements as of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	297,536	$	—	$	—	$	297,536
	$	297,536	$	—	$	—	$	297,536
Liabilities:
Contingent earn-out liability	$	—	$	—	21,206		$	21,206
Contingently issuable common stock liability	—		—		5,264		5,264
Public Warrant liability	—		—		11,030		11,030
	$	—	$	—	$	37,500	$	37,500

Schedule of common stock warrant liability

The following table provides a rollforward of the contingent earn-out liability (in thousands):

December 31, 2021	$	21,206
Change in fair value	(2,509)
June 30, 2022	$	18,697

The following table provides a rollforward of the contingently issuable common shares (in thousands):

December 31, 2021	$	5,264
Change in fair value	(1,448)
June 30, 2022	$	3,816

The following table provides a rollforward of the public warrant liability (in thousands):

December 31, 2021	$	11,030
Change in fair value	(5,443)
June 30, 2022	$	5,587