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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy for Financial Assets and Liabilities The following table presents the Company’s fair value hierarchy for financial assets and liabilities:
Fair Value Measurements as of December 31, 2022
Level 1Level 2Level 3Total
Liabilities:
Private Placement Warrants$— $— $17,970 $17,970 
Public Warrants$27,428 $— $— $27,428 
City Semi Contingent Consideration - Second Tranche$— $— $1,383 $1,383 
Symeo Contingent Consideration - First Tranche$— $— $2,000 $2,000 
Symeo Contingent Consideration - Second Tranche$— $— $$
Symeo Promissory Note$— $— $9,674 $9,674 
Currency forward contract$— $3,845 $— $3,845 
Fair Value Measurements as of December 31, 2021
Level 1Level 2Level 3Total
Liabilities:
Private Placement Warrants$— $— $40,092 $40,092 
Public Warrants$60,375 $— $— $60,375 
ON Design Israel Contingent Consideration - Tapeout$— $— $1,817 $1,817 
ON Design Israel Contingent Consideration - Design Win$— $— $2,222 $2,222 
City Semi Contingent Consideration - Second Tranche$— $— $980 $980 
Currency forward contract$— $3,068 $— $3,068 
Unobservable Input Reconciliation
The following table presents the significant unobservable inputs assumed for each of the fair value measurements:
As of December 31, 2022As of December 31, 2021
InputInput
Liabilities:
Warrants
Expected volatility64.00 %36.00 %
City Semi Contingent Consideration - Second Tranche
Discount rate12.65 %10.83 %
ON Design Israel Contingent Consideration - Tapeout
Discount rateN/A4.37%
ON Design Israel Contingent Consideration - Design Win
Discount rateN/A4.37%
Contingent earn-outs - second milestone
Constant volatility factorN/A40.00 %
Symeo Contingent Consideration - First Tranche
Discount Rate4.73 %N/A
Symeo Contingent Consideration - Second Tranche
Discount Rate4.73 %N/A
Symeo Promissory Note
Discount rate3.13 %N/A