Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	198,610	$	—	$	—	$	198,610
	$	198,610	$	—	$	—	$	198,610
Liabilities:
Contingent earn-out liability	$	—	$	—	$	11,452	$	11,452
Contingently issuable common stock liability	—		—		2,735		2,735
Public Warrant liability	6,733		—		—		6,733
	$	6,733	$	—	$	14,187	$	20,920

	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
	$	11,030	$	—	$	26,470	$	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	(9,754)
September 30, 2022	$	11,452

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

December 31, 2021	$	5,264
Change in fair value	(2,529)
September 30, 2022	$	2,735

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

December 31, 2021	$	11,030
Change in fair value	(4,297)
September 30, 2022	$	6,733