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Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis

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​

​

​

​

​

​

​

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(in thousands)

Level 1

    

Level 2

    

Level 3

    

Total

June 30, 2022

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​

​

​

​

​

​

​

​

​

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Assets

​

  

 

​

  

 

​

  

 

​

  

Cash equivalents in money market funds

$

395,565

​

$

—

​

$

 —

​

$

395,565

Restricted cash in certificates of deposit

​

—

​

​

547

​

​

—

​

​

547

Total

$

395,565

​

$

547

​

$

—

​

$

396,112

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​

​

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​

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​

​

​

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​

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Liabilities

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​

​

​

​

​

​

​

​

​

​

Sponsor Earn-Out liability

$

—

​

$

—

​

$

15,123

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$

15,123

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​

​

​

​

​

​

​

​

​

​

​

December 31, 2021

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Assets

​

​

​

​

​

​

​

​

​

​

​

Cash equivalents in money market funds

$

3,014

​

$

—

​

$

 —

​

$

3,014

Restricted cash in certificates of deposit

​

—

​

​

547

​

​

—

​

​

547

Total

$

3,014

​

$

547

​

$

—

​

$

3,561

​

Schedule of the reconciliation of the Sponsor Earn-Out liability measured at fair value using significant unobservable inputs

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(in thousands)

Balance as of December 31, 2021

$

—  

Additions during the period

  

36,393

Change in fair value

  

(21,270)

Balance as of June 30, 2022

$

15,123

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Schedule of fair value assumptions

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June 30, 2022

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​

February 3, 2022
(Closing Date)

Stock price

$

3.93

​

$

7.68

Expected volatility

​

79.0%

​

​

81.0%

Risk free rate

​

3.01%

​

​

1.63%

Contractual term (in years)

​

4.6

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​

5.0

Expected dividends

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0%

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0%

​