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Stock Warrants and Earnout (Tables)
12 Months Ended
Jan. 31, 2023
Equity [Abstract]  
Fair Value Measurement Inputs and Valuation Techniques
The Level 3 fair value inputs used in the recurring valuation of the redeemable convertible preferred stock warrant liability were as follows:
February 26, 2021
(Merger Date)
January 31, 2021January 31, 2020
Expected volatility84.3 %80.5 %58.4 %
Risk-free interest rate0.0 %0.1 %1.6 %
Dividend rate0.0 %0.0 %0.0 %
Expected term (years)01.42.0
Schedule of Warrants
January 31, 2023
Outstanding WarrantsExpiration Date
Number of
Warrants
Exercise
Price
Common Stock20,922,215 $6.03 
7/31/2030 – 8/4/2030
Common Stock13,577,221 $9.04 
11/16/2028 – 2/13/2029
Total outstanding common stock warrants34,499,436 
January 31, 2022
Outstanding WarrantsExpiration Date
Number of
Warrants
Exercise
Price
Common Stock21,727,177 
$1.25 - $6.03
3/4/2022 - 8/6/2030
Common Stock13,811,412 $9.04 
11/16/2028 – 2/14/2029
Total outstanding common stock warrants35,538,589 
The Private Placement Warrants were valued using the assumptions under the BLM that assumes optimal exercise of the Company’s redemption option at the earliest possible date. On February 21, 2022, the Company redeemed the remaining Private Placement Warrants for 0.355 shares of Common Stock per warrant. As of January 31, 2023, there were zero Private Placement Warrants outstanding.
January 31,
2022
February 26, 2021 (Merger Date)
Market price of public stock$13.85 $30.83 
Exercise price$11.50 $11.50 
Expected term (years)4.15.0
Volatility70.5 %73.5 %
Risk-free interest rate1.0 %0.8 %
Dividend rate0.0 %0.0 %