Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Measurements

Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis

	June 30, 2023
	Level 1		Level 2		Level 3		Total
Assets
Commercial Paper	$	137,072	$	—	$	—	$	137,072
Corporate Bonds	$	216,390	$	—	$	—	$	216,390
Government Bonds	$	61,487	$	—	$	—	$	61,487
U.S. Treasuries		—		—		—		—
Liabilities
Public Warrants	$	3,932	$	—	$	—	$	3,932
Private Placement Warrants	$	—	$	2,859	$	—	$	2,859

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Commercial Paper	$	165,179	$	—	$	—	$	165,179
Corporate Bonds	$	227,957	$	—	$	—	$	227,957
Government Bonds	$	42,865	$	—	$	—	$	42,865
U.S. Treasuries		9,930		—		—		9,930
Liabilities
Public Warrants	$	4,900	$	—	$	—	$	4,900
Private Placement Warrants	$	—	$	4,217	$	—	$	4,217

Schedule of Level 2 inputs used in the recurring valuation of the Private Placement Warrants

	June 30, 2023			December 31, 2022
Exercise Price	$	11.50		$	11.50
Stock Price	$	2.54		$	2.54
Volatility		70.0	%		71.3	%
Term		3.44			3.94
Risk-free rate		4.32	%		4.03	%

Schedule of reconciliation of warrants measured at fair value

	Public Warrants		Private Placement Warrants
	Level 1 Fair Value		Level 2 Fair Value
December 31, 2022	$	0.42	$	0.55
Change in fair value	$	0.04	$	0.31
March 31, 2023	$	0.46	$	0.86
Change in fair value	$	(0.15)	$	(0.43)
June 30, 2023	$	0.31	$	0.43

Schedule of change in fair value for the Public Warrants and Private Placement Warrants

					Three months change in
Warrant Class	Level	Warrants	March 31, 2023		fair value		June 30, 2023
Public Warrants	1	12,684,423	$	5,576	$	(1,644)	$	3,932
Private Placement Warrants	2	6,648,880	$	6,203	$	(3,343)	$	2,860
Total		19,333,303	$	11,779	$	(4,987)	$	6,792

					Six months change in
Warrant Class	Level	Warrants	December 31, 2022		fair value		June 30, 2023
Public Warrants	1	12,684,423	$	4,900	$	(968)	$	3,932
Private Placement Warrants	2	6,648,880	$	4,217	$	(1,357)	$	2,860
Total		19,333,303	$	9,117	$	(2,325)	$	6,792