Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Estimated grant date fair values under Black-Scholes option-pricing models assumptions

	February 3, 2022 (Closing Date)
Expected stock price	$	7.68
Expected volatility		81.0%
Risk-free rate		1.63%
Expected term (in years)		5.0

Summary of stock based compensation

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Research and development	$	2,417	$	34	$	4,678	$	246
General and administrative		4,797		2,753		11,269		2,884
Total stock-based compensation (1)	$	7,214	$	2,787	$	15,947	$	3,130

(1) ^{Includes $2.2 million and $5.8 million of stock-based compensation expense recorded for the Earn-Out Restricted Shares during the three and nine months ended September 30, 2022, respectively. Additionally, includes $3.0 million and $4.8 million of stock-based compensation expense recorded for the RSUs and $1.4 million and $2.4 million of stock-based compensation expense recorded for the PSUs during the three and nine months ended September 30, 2022, respectively.}