Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Liabilities Measured on Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands):

	Level	December 31, 2021
Liabilities:
Warrant liability – Public Warrants	1	$	16,750
Warrant liability – Private Placement Warrants	3	10,710
Total warrant liability		$	27,460

Schedule of Derivative Liabilities at Fair Value

The following tables summarize the changes in the fair value of the warrant liabilities (in thousands):

	Year Ended December 31, 2021
	Public Warrants		Private Placement Warrants		Warrant Liabilities
Fair value, beginning of period	$	—	$	—	$	—
Warrant liability acquired	100,750		93,228		193,978
Change in valuation inputs or other assumptions	(84,000)		(82,518)		(166,518)
Fair value, end of period	$	16,750	$	10,710	$	27,460

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:

	December 31, 2021			June 16, 2021
Exercise price	$	11.50		$	11.50
Stock price	$	5.98		$	20.55
Volatility	52.4		%	60.0		%
Term (years)	4.46			5.00
Risk-free interest rate	1.18		%	0.89		%