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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

NOTE 19 - Subsequent Events

Issuance and Cancellation of Equity Awards

On March 14, 2023, Leafly awarded 631 RSUs, which will vest monthly in 25% increments over 4 months, to employees in connection with its 2022 annual incentive plan (Note 7).

In 2023, through the date of this report, approximately 925 options, nonvested RSUs and nonvested PSUs were canceled or forfeited in connection with employee termination activity.

On March 13, 2023, Leafly’s compensation committee approved the vesting of PSUs awarded in 2022 related to the achievement of the Company’s 2022 Adjusted EBITDA target (Note 14).

ESPP Purchase

On March 15, 2023, Leafly purchased 289 shares on behalf of its ESPP (Note 14) for a total of $120.

Reduction in Force

On March 16, 2023 the Company announced a plan to reduce its workforce by approximately 40 persons in an effort to reduce its operating expenses at an estimated cash cost of approximately $700 expected to be recognized during the first quarter of 2023. This headcount reduction is in addition to the headcount reduction of 56 persons previously announced in October 2022.