Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	141,612	$	—	$	—	$	141,612
	$	141,612	$	—	$	—	$	141,612
Liabilities:
Contingent earn-out liability	$	—	$	—	$	45,649	$	45,649
Contingently issuable common stock liability	—		—		9,229		9,229
Public Warrant liability	19,625		—		—		19,625
	$	19,625	$	—	$	54,878	$	74,503

	Fair Value Measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	149,971	$	—	$	—	$	149,971
	$	149,971	$	—	$	—	$	149,971
Liabilities:
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	$	—	$	17,610	$	23,734

Schedule of common stock warrant liability

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

Balance at December 31, 2022	$	14,218
Change in fair value	31,431
Balance at June 30, 2023	$	45,649

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

Balance at December 31, 2022	$	3,392
Change in fair value	5,837
Balance at June 30, 2023	$	9,229

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

Balance at December 31, 2022	$	6,124
Change in fair value	13,501
Balance at June 30, 2023	$	19,625