STOCKHOLDERS EQUITY (DEFICIT) (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of reverse recapitalization

The table below summarizes the shares of Class A common stock issued immediately after the closing of the Business Combination as well as the impact on the consolidated statement of stockholders’ equity as of October 19, 2021:

	Class A Common Stock
	Shares	Par Amount		Additional Paid in Capital
PIPE and SPAC financing	117,733,507	$	12	$	298,054
Transaction expenses		$	—	$	(24,967)
Conversion of redeemable preferred stock				$	109,506
Earnout liability		$	—	$	(96,069)
Warrants liability		$	—	$	(35,763)
Reverse recapitalization on October 19, 2021	117,733,507	$	12	$	250,761

Fair value of the earnouts

The valuation model utilized the following assumptions:

Risk-free interest rate	1.23	%
Equity volatility rate	55.00	%

The weighted-average assumptions used in calculating the fair value of the warrants issued during the year ended December 31, 2020 are as follows:

	2020
Expected dividend yield	—
Risk-free interest rate	0.21		%
Expected life in years	2.5
Expected volatility	68		%
Weighted-average fair value of warrants granted	$	0.85