Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Measurements

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

		June 30,		December 31,
Dollars in thousands	Level	2022		2021
Liabilities:
Warrant Liability – Public Warrants	1	$	5,713	$	11,213
Warrant Liability – Private Placement Warrants	3		2,734		6,608
Total Warrant Liability		$	8,447	$	17,821

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

Input	June 30, 2022			December 31, 2021
Risk-free interest rate		3.00	%		1.20	%
Expected term (years)		4.30			4.80
Expected volatility		21.4	%		31.4	%
Stock price	$	7.40		$	7.41

Schedule of changes in the fair value of warrant liabilities

			Private		Warrant
Dollars in thousands	Public		Placement		Liabilities
Valuation as of December 31, 2021	$	11,213	$	6,608	$	17,821
Exercise of warrants		—		(1,600)		(1,600)
Change in valuation inputs or other assumptions		(5,500)		(2,274)		(7,774)
Fair value as of June 30, 2022	$	5,713	$	2,734	$	8,447