Black Rifle Coffee Company Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

3 Months Ended

Mar. 31, 2022

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