XML 39 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Oct. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company’s assets and liabilities that were measured at fair value on a recurring basis were as follows:
Fair Value Measured as of October 31, 2022
Level 1Level 2Level 3Total
(in thousands)
Assets
Money market funds$92,475 $— $— $92,475 
U.S. Treasury securities— 208,887 — 208,887 
Total financial assets$92,475 $208,887 $ $301,362 
Liabilities
Contingent earnout liability recognized upon acquisition of ViriCiti (ViriCiti Earnout)— — 5,337 5,337 
Total financial liabilities$ $ $5,337 $5,337 
Fair Value Measured as of January 31, 2022
Level 1Level 2Level 3Total
(in thousands)
Assets
Money market funds$254,716 $— $— $254,716 
Total financial assets$254,716 $ $ $254,716 
Liabilities
Common stock warrant liabilities (Private Placement)$— $— $25 $25 
Contingent earnout liability recognized upon acquisition of ViriCiti (ViriCiti Earnout)— — 5,993 5,993 
Total financial liabilities$ $ $6,018 $6,018 
Summary of Changes in the Fair Value of the Company's Level 3 Financial Instruments
The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments:
Private placement warrant liabilityViriCiti Earnout liability
(in thousands)
Fair value as of January 31, 2022$(25)$(5,993)
Change in fair value included in other income (expense), net(23)— 
Effect of foreign currency translation— 656 
Reclassification of warrants to stockholders’ equity (deficit) due to exercise48 — 
Fair value as of October 31, 2022$ $(5,337)
Redeemable convertible preferred stock warrant liabilityPrivate placement warrant liabilityEarnout liabilityViriCiti Earnout liability
(in thousands)
Fair value as of January 31, 2021$(75,843)$— $— $— 
Private placement warrant liability acquired as part of the Merger— (127,888)— — 
Contingent earnout liability recognized upon the closing of the reverse recapitalization
— — (828,180)— 
Change in fair value included in other income (expense), net9,237 46,835 84,420 — 
Reclassification of warrants to stockholders’ equity (deficit) due to exercise— 51,771 — — 
Reclassification of Legacy ChargePoint preferred stock warrant liability upon the reverse capitalization66,606 — — — 
Issuance of earnout shares upon triggering events— — 501,120 — 
Reclassification of remaining contingent earnout liability upon triggering event
— — 242,640 — 
Contingent Earnout liability recognized upon the acquisition of ViriCiti (ViriCiti Earnout)— — — (3,856)
Fair value as of October 31, 2021$ $(29,282)$ $(3,856)