The following tables summarize the Company’s outstanding warrants (in thousands, except warrant amounts):


	Balance at			Fair Value			Transfers to			Balance at
	December 31, 2022			Adjustments(1)			5-Year Public Warrants			March 31, 2023
	Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Private Warrants	9,126,515	$	786	—	$	(122)	(6,176,794)	$	(531)	2,949,721	$	133


	Balance at			Fair Value			Balance at
	December 31, 2021			Adjustments(1)			March 31, 2022
	Warrants	Amount		Warrants	Amount			Warrants	Amount
5-Year Private Warrants	9,478,830	$	664	—	$	5,308		9,478,830	$	5,972
Seller Warrants	12,721,901	5		—	13			12,721,901	18
Total	22,200,731	$	669	—	$	5,321		22,200,731	$	5,990

(1)Liability classified warrants are subject to fair value remeasurement at each balance sheet date in accordance with FASB Accounting Standard Codification (“ASC”) Topic 814-40, Contracts on Entity’s Own Equity. As a result, fair value adjustments related exclusively to the Company’s liability classified warrants. See Note 18 – Fair Value Measurements for further detail on the fair value of the Company’s liability classified warrants.

The following table summarizes additional information on the Company’s outstanding warrants as of March 31, 2023:

Exercise Price

Exercise Period

Expiration Date

Warrants Outstanding(1)

5-Year Private Warrants

11.50

5 years

May 29, 2025

2,949,721

(1)On October 22, 2022, the Seller Warrants expired pursuant to their terms and as of such time were no longer exercisable or outstanding. The remaining warrants outstanding totaled 9,403,629 at the time of expiration.

The following tables summarize the Company’s outstanding equity classified warrants included in Additional paid-in capital on the Condensed Consolidated Balance Sheets (in thousands, except warrant amounts):


	Balance at			Transfers from 5-Year Private Warrants(1)				Balance at
	December 31, 2022					March 31, 2023
	Warrants	Amount			Warrants	Amount			Warrants	Amount
5-Year Public Warrants	25,163,383	$	28,954		6,176,794	$	531		31,340,177	$	29,485
Public Offering Warrants	9,583,334	12,938			—	—			9,583,334	12,938
Private Placement Offering Warrants	46,816,480	25,604			—	—			46,816,480	25,604
Total	81,563,197	$	67,496		6,176,794	$	531		87,739,991	$	68,027

(1)See Note 11 – Warrant Liabilities for additional details regarding transfers from 5-Year Private Warrants.


	Balance at December 31, 2021			Warrant Issuances			Balance at March 31, 2022
	Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Public Warrants	24,811,068	$	28,912	—	$	—	24,811,068	$	28,912
Public Offering Warrants	9,583,334	12,938		—	—		9,583,334	12,938
Private Placement Offering Warrants	—	—		46,816,480	25,604		46,816,480	25,604
Total	34,394,402	$	41,850	46,816,480	$	25,604	81,210,882	$	67,454

The following table summarizes additional information on the Company’s outstanding warrants as of March 31, 2023:


	Exercise price		Exercise period	Expiration date	Warrants outstanding
5-Year Public Warrants	$	11.50	5 years	May 29, 2025	31,340,177
Public Offering Warrants	$	10.50	5 years	October 6, 2025	9,583,334
Private Placement Offering Warrants	$	1.068	5 years	March 15, 2027	46,816,480