Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value

The following tables provide the financial instruments measured at fair value on a recurring basis based on the fair value hierarchy:

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
U.S. treasury securities	$	1,059	$	—	$	—	$	1,059
Corporate bonds	—		116,616		—		116,616
Preferred stock	—		14,446		—		14,446
Marketable securities	$	1,059	$	131,062	$	—	$	132,121
Liabilities
Warrant liabilities	$	5,469	$	—	$	18,816	$	24,285
Conversion option liability	—		—		8,091		8,091
Total liabilities	$	5,469	$	—	$	26,907	$	32,376

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets
U.S. treasury securities	$	—	$	—	$	—	$	—
Corporate bonds	—		82,086		—		82,086
Preferred stock	—		21,603		—		21,603
Marketable securities	$	—	$	103,689	$	—	$	103,689
Liabilities
Warrant liabilities	$	20,818	$	—	$	25,233	$	46,051
Conversion option liability	—		—		8,783		8,783
Total liabilities	$	20,818	$	—	$	34,016	$	54,834

Schedule of Significant Inputs to Valuation of Level 3 Warrant and Conversion Liabilities

The significant inputs to the valuation of Level 3 warrant and conversion liabilities for the year ended December 31, 2022 were as follows:

	PIPE Investment Warrants			Private Placement Warrants			Convertible Notes Payable Warrants			Conversion Liability
Exercise Price	$	3.90		$	11.50		$	2.47		$	2.47
Stock Price	$	2.55		$	2.55		$	2.55		$	2.55
Volatility	90.4		%	84.0		%	89.0		%	64.7		%
Remaining term in years	4.24			3.75			4.00			2.00
Risk-free rate	4.0		%	4.1		%	4.1		%	4.4		%
Dividend yield	—		%	—		%	—		%	—		%

The significant inputs to the valuation of Level 3 warrant and conversion liabilities for the year ended December 31, 2021 were as follows:

	Private Placement Warrants			Convertible Notes Payable Warrants			Conversion Liability
Exercise Price	$	11.50		$	7.86		$	8.22
Stock Price	$	7.29		$	7.29		$	7.29
Volatility	72.5		%	72.5		%	52.5		%
Remaining term in years	4.75			5.00			3.00
Risk-free rate	1.2		%	1.3		%	1.1		%
Dividend yield	—		%	—		%	—		%

Summary of Changes in Warrant and Conversion Option Liabilities

The following table summarizes the change in the warrant and conversion option liabilities categorized as Level 3 for the years ended December 31, 2022 and 2021.

	Year Ended December 31, 2022
Balance, beginning of period	$	34,016
Change in estimated fair value	(33,713)
Issuance of PIPE Investment warrants	26,604
Balance, end of period	$	26,907

	Year Ended December 31, 2021
Balance, beginning of period	$	5,241
Issuance of Notes Payable Warrants and Convertible Notes Payable Warrants	2,113
Issuance of Convertible Notes Payable conversion option	8,783
Assumption of Private Placement Warrants upon Merger	34,045
Change in estimated fair value	(11,616)
Conversion of Notes Payable Warrants upon Merger	$	(4,550)
Balance, end of period	$	34,016