Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.22.1
Warrant Liability (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Changes in Fair Value
The following table is a summary of the earn-out shares changes in fair value and the reported balances:

Tier 1 Tier 2 Total
Initial fair value, as of February 9, 2022 $ 112,366  $ 106,312  $ 218,678 
Loss on change in fair value 60,006  111,092  171,098 
First Tier Vesting Event (172,372) —  (172,372)
Balance as of March 31, 2022 $ —  $ 217,404  $ 217,404 
The following table is a summary of the Warrants changes in fair value and the reported balances:

Public Warrants Private Warrants Total
Initial fair value, as of February 9, 2022 $ 23,575  $ 12,909  $ 36,484 
Loss on change in fair value 27,830  34,279  62,109 
Balance as of March 31, 2022 $ 51,405  $ 47,188  $ 98,593 
The following table is a summary of the Derivative liability changes in fair value and the reported balance:

Derivative Liability
Initial fair value, as of February 9, 2022 $ 9,741 
Loss on change in fair value 7,507 
Balance as of March 31, 2022 $ 17,248