Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	73,171	$	—	$	—	$	73,171
Treasury bills	—		49,372		—		49,372
	$	73,171	$	49,372	$	—	$	122,543
Liabilities:
Contingent earn-out liability	$	—	$	—	$	31,571	$	31,571
Contingently issuable common stock liability	—		—		6,952		6,952
Public Warrant liability	11,469		—		—		11,469
	$	11,469	$	—	$	38,523	$	49,992

	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	17,353
Balance at September 30, 2023	$	31,571

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	3,560
Balance at September 30, 2023	$	6,952

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

Balance at December 31, 2022	$	6,124
Change in fair value	5,345
Balance at September 30, 2023	$	11,469