Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	57,829	$	—	$	—	$	57,829
Treasury bills	—		51,289		—		51,289
	$	57,829	$	51,289	$	—	$	109,118
Liabilities:
Contingent earn-out liability	$	—	$	—	$	29,119	$	29,119
Contingently issuable common stock liability	—		—		6,530		6,530
Public Warrant liability	10,889		—		—		10,889
	$	10,889	$	—	$	35,649	$	46,538

	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

Schedule of common stock warrant liability

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

Balance at December 31, 2021	$	21,206
Change in fair value	(6,988)
Balance at December 31, 2022	$	14,218
Change in fair value	14,901
Balance at December 31, 2023	$	29,119

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

Balance at December 31, 2021	$	5,264
Change in fair value	(1,872)
Balance at December 31, 2022	$	3,392
Change in fair value	3,138
Balance at December 31, 2023	$	6,530

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

Balance at December 31, 2021	$	11,030
Change in fair value	(4,906)
Balance at December 31, 2022	$	6,124
Change in fair value	4,765
Balance at December 31, 2023	$	10,889