Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	149,971	$	—	$	—	$	149,971
	$	149,971	$	—	$	—	$	149,971
Liabilities:
Long-term debt including current portion	$	—	$	29,683	$	—	$	29,683
Contingent earn-out liability	—		—		14,218		14,218
Contingently issuable common stock liability	—		—		3,392		3,392
Public Warrant liability	6,124		—		—		6,124
	$	6,124	$	29,683	$	17,610	$	53,417

	Fair Value Measurements at December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	297,536	$	—	$	—	$	297,536
	$	297,536	$	—	$	—	$	297,536
Liabilities:
Long-term debt including current portion	$	—	$	9,945	$	—	$	9,945
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	$	9,945	$	26,470	$	47,445

Schedule of common stock warrant liability

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

Balance at December 31, 2020	$	1
Change in fair value	879
Conversion of common stock warrant to common stock upon the closing of the Merger	(880)
Balance at December 31, 2021	$	—

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

Balance at December 31, 2020	$	1,000
Initial fair value of the embedded derivative	16,986
Change in fair value	1,745
Settlement of derivative liability upon the closing of the Merger	(19,731)
Balance at December 31, 2021	$	—

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

Balance at December 31, 2020	$	—
Initial fair value of the instrument	68,566
Change in fair value	(47,360)
Balance at December 31, 2021	$	21,206
Change in fair value	(6,988)
Balance at December 31, 2022	$	14,218

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

Balance at December 31, 2020	$	—
Initial fair value of the instrument	11,670
Change in fair value	(6,406)
Balance at December 31, 2021	$	5,264
Change in fair value	(1,872)
Balance at December 31, 2022	$	3,392

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

Balance at December 31, 2020	$	—
Initial fair value of the instrument	23,636
Change in fair value	(12,606)
Balance at December 31, 2021	$	11,030
Change in fair value	(4,906)
Balance at December 31, 2022	$	6,124