Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Liabilities Measured at Fair Value on Recurring Basis

Liabilities measured at fair value on a recurring basis consisted of the following as of March 31, 2022 and December 31, 2021:

	March 31, 2022
	Level 1		Level 2		Level 3		Balance
Liabilities:
Warrant Liabilities - Public Warrants	$	12,144	$	—	$	—	$	12,144
Warrant Liabilities - Private Warrants		—		6,031		—		6,031
Other Liabilities - Junior Debt Exchange		—		—		1,986		1,986
Earnout Liability - Sponsor Earnout Shares		—		—		20,881		20,881
Total Liabilities:	$	12,144	$	6,031	$	22,867	$	41,042
	December 31, 2021
	Level 1		Level 2		Level 3		Balance
Liabilities:
Warrant Liabilities - Starry Warrants	$	—	$	—	$	14,773	$	14,773
Total Liabilities:	$	—	$	—	$	14,773	$	14,773

Schedule of Remeasured Liability to Its Estimated Fair Value

The Company measured the fair value of the Junior Debt Exchange on March 31, 2022 with the following assumptions:

	As of March 31, 2022
Common stock fair value	$	8.26
Exercise price		8.75
Term (in years)		1.8
Volatility		35.00	%
Risk-free interest rate		2.16	%
Expected dividends		0	%

The Company re-measured the earnout liability to its estimated fair value as of March 31, 2022 and March 29, 2022 using the Monte-Carlo Simulation with the following assumptions:

	As of March 31, 2022			As of March 29, 2022
Common stock fair value	$	8.26		$	9.21
Term (in years)		5.0			5.0
Volatility		35.00	%		35.00	%
Risk-free interest rate		2.42	%		2.49	%
Expected dividends		0	%		0	%

The Company re-measured the warrant liability to its estimated fair value as of March 29, 2022 and December 31, 2021 using the Black-Scholes option pricing model with the following assumptions:

	As of March 29, 2022			As of December 31, 2021
Exercise price	$	0.01		$	0.01
Common stock fair value (pre-exchange)	$	1.77		$	1.81
Term (in years)		9.5			9.8
Volatility		27.57	%		27.56	%
Risk-free interest rate		2.41	%		1.52	%
Expected dividends		0	%		0	%