Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Measurements

Schedule of Company's assets and liabilities that are measured at fair value on a recurring basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

		December 31,
Dollars in thousands	Level	2021
Liabilities:
Warrant Liability – Public Warrants	1	$	11,213
Warrant Liability – Private Placement Warrants	3	$	6,608
Total Warrant Liability		$	17,821

Schedule of key inputs into the Monte Carlo simulation model for the Public Warrants and Private Placement Warrants

Input	(Initial Measurement)
Risk-free interest rate		1.20	%
Expected term (years)		5.00

Expected volatility		20.2	%
Stock price	$	9.62

Input	(Initial Measurement)
Risk-free interest rate		1.20	%
Expected term (years)		4.80
Expected volatility		31.4	%
Stock price	$	7.41

Schedule of changes in the fair value of warrant liabilities

			Private		Warrant
Dollars in thousands	Public		Placement		Liabilities
Initial measurement at closing of the Business Combination	$	13,477	$	7,821	$	21,298
Change in valuation inputs or other assumptions		(2,264)		(1,213)		(3,477)
Fair value as of December 31, 2021	$	11,213	$	6,608	$	17,821