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Fair Value (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Schedule of financial assets and liabilities measured at fair value
   Level 1   Level 2   Level 3   Total 
   (in thousands) 
June 30, 2022                
Cash and Cash Equivalents - Money Market Funds  $9,930   $
   $
   $9,930 
Cash and Cash Equivalents - U.S. Government Agency Bonds   
    65,125    
    65,125 
Warrants  $
   $
   $4,725   $4,725 
                     
December 31, 2021                    
Warrants  $
   $
   $28,875   $28,875 

 

   Level 1   Level 2   Level 3   Total 
   (in thousands) 
December 31, 2021                
Warrants   
  —
    
   —
   $28,875   $28,875 
                     
December 31, 2020                    
Warrants   
    
   $101,325   $101,325 

 

Schedule of fair value warrants estimated using the Black-Scholes option-pricing model
   June 30,
2022
   December 31,
2021
 
   Values   Values 
Stock Price  $2.27   $8.76 
Strike price  $11.50   $11.50 
Holding Period/Term (years)   4.33    4.80 
Volatility   72.00%   52.90%
Expected dividends   
None
    
None
 
Risk-Free Rate   3.00%   1.23%
Fair value of warrants  $0.54   $3.30 

  

   December 31,
2021
   December 31,
2020
 
   Values   Values 
Equity Value  $
   $525,034,000 
Stock Price  $8.76   $
 
Strike price  $11.50   $
 
Holding Period/Term (years)   4.80    3.00 
Volatility   52.90%   59.50%
Expected dividends   
None
    
None
 
Risk-Free Rate   1.23%   0.17%
Fair value of warrants  $3.30   $
 
Discount for Lack of Marketability   
    10.0%

 

Schedule of liabilities measured at fair value
Warrants:  (in thousands) 
Balance as of December 31, 2021  $28,875 
Fair value adjustment of Private Placement Warrants   (24,150)
Balance as of June 30, 2022  $4,725 
Warrants:  (in thousands) 
Balance as of January 1, 2021  $101,325 
Vesting of AT&T Warrant   5,943 
Fair value adjustment of AT&T Warrant   (12,555)
Fair value adjustment of Financing Warrants   84,011 
Exercise of Financing Warrants   (174,328)
Reclassification of AT&T Warrant to Equity   (4,395)
Private Placement Warrants   16,013 
Fair value adjustment of Private Placement Warrants   12,861 
Balance as of December 31, 2021  $28,875