Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

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


	Fair Value Measurements as of December 31, 2021
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant Liability	$	—	$	—	$	100,467	$	100,467

ONDesign Israel Contingent Consideration - Tapeout	$	—	$	—	$	1,817	$	1,817
ONDesign Israel Contingent Consideration - Design Win	$	—	$	—	$	2,222	$	2,222
City Semi Contingent Consideration - Second Tranche	$	—	$	—	$	980	$	980


	Fair Value Measurements as of December 31, 2020
	Level 1		Level 2		Level 3		Total
Liabilities:
SAFEs	$	—	$	—	$	102,700	$	102,700
City Semi Contingent Consideration - First Tranche	$	—	$	—	$	500	$	500
City Semi Contingent Consideration - Second Tranche	$	—	$	—	$	900	$	900

The following table presents the significant unobservable inputs assumed for each of the fair value measurements:

As of December 31, 2021

As of December 31, 2020

Input

Liabilities:

SAFEs

Discount rate

N/A

Constant volatility factor

N/A

Geometric Brownian Motion

N/A

0.98

Warrants

Expected volatility

36.0

N/A

City Semi Contingent Consideration - First Tranche

Discount rate

N/A

10.3

City Semi Contingent Consideration - Second Tranche

Discount rate

10.8

10.3

ONDesign Israel Contingent consideration - Tapeout

Discount rate

4.37%

N/A

ONDesign Israel Contingent consideration - Design Win

Discount rate

4.37%

N/A

Contingent earn-outs - second milestone

Constant volatility factor

N/A