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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Investments, All Other Investments [Abstract]  
Summary of Fair Value of Option Contingent Warrants

The following assumptions were used to calculate the fair value of the Hoya Intermediate Warrants and Option Contingent Warrants:

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Estimated volatility

 

 

43.0

%

 

 

36.0

%

Expected term (years)

 

 

9.3

 

 

 

9.8

 

Risk-free rate

 

 

3.0

%

 

 

1.5

%

Expected dividend yield

 

 

0.0

%

 

 

0.0

%