Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Financial Assets and Liabilities

The following table presents the Company’s fair value hierarchy for financial assets and liabilities:

	Fair Value Measurements as of June 30, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Public Warrants	$	3,413	$	—	$	—	$	3,413
Private Placement Warrants		—		—		2,419		2,419
Earnout liability		—		—		32,200		32,200

	Fair Value Measurements as of May 26, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Public Warrants	$	5,397	$	—	$	—	$	5,397
Private Placement Warrants		—		—		3,834		3,834
Earnout liability		—		—		93,880		93,880

Summary of Significant Inputs to Monte Carlo Simulation for Fair Value of Private Placement Warrants and Earnout Liability

The following table provides the significant inputs to the Monte Carlo simulation for the fair value of the Private Placement Warrants as of June 30, 2022 and the Closing Date:

	As of
	June 30, 2022			May 26, 2022
Stock price	$	3.77		$	9.02
Exercise price	$	11.50		$	11.50
Risk-free rate		3.0	%		2.7	%
Volatility		44.2	%		13.4	%
Term (in years)		4.9			5.0

The following table provides the significant inputs to the Monte Carlo simulation for the fair value of the Earnout liability as of June 30, 2022 and the Closing Date, the date of initial measurement:

	As of
	June 30, 2022			May 26, 2022
Stock price	$	3.77		$	9.02
Risk-free rate		3.0	%		2.7	%
Volatility		65.0	%		60.0	%
Term (in years)		4.9			5.0

Summary of Changes in the Fair Value of Company's Level 3 Financial Instruments

The following table presents the changes in fair value of the Company’s Level 3 financial instruments that are measured at fair value as of June 30, 2022 and the Closing Date, the date of initial measurement:

	Private Placement Warrants			Earnout Liability			Total
Fair value as of May 26, 2022 (initial measurement)	$	3,834		$	93,880		$	97,714
Gain from change in fair value		(1,415	)		(61,680	)		(63,095	)
Fair value as of June 30, 2022	$	2,419		$	32,200		$	34,619