Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s derivative liabilities that are measured at fair value on a recurring basis beginning February 4, 2022 (the date of closing of the Business Combination) when the derivative liabilities were assumed, and discloses the fair value hierarchy level of the valuation inputs the Company utilized to determine such fair value:

			Fair Value at						Change in Fair Value of Derivatives
Description	Level		December 31, 2023		December 31, 2022		February 4, 2022			Year Ended December 31, 2023		Year Ended December 31, 2022
Private Warrants derivative liability		3	$	105	$	182	$	3,916		$	77	$	3,734
Forward share purchase agreements derivative liability 1		3		—		—		14,170			—		346
Escrow Shares derivative liability		3		4		52		6,868			48		6,816
Stockholder earn-out rights derivative liability		3		20		204		26,131			184		25,927
Total			$	129	$	438	$	51,085		$	309	$	36,823

1.The forward share purchase agreements were settled effective August 1, 2022, at which time the fair value was $13,824 based on cash settlement.

Schedule of Valuation Assumptions

The Private Warrants were valued using a Black-Scholes model and the following Level 3 inputs:

	December 31, 2023			December 31, 2022			February 4, 2022
Exercise price	$	230.00		$	230.00		$	230.00
Stock price	$	4.81		$	13.00		$	130.60
Volatility		114.5	%		75.0	%		34.3	%
Term (in years)		3.10			4.09			5.00
Risk-free rate		3.9	%		4.1	%		1.8	%
Dividend yield		0.0	%		0.0	%		0.0	%

The FPAs were valued using a Black-Scholes model and the following Level 3 inputs:

	February 4, 2022
Exercise price - one agreement	$	203.20
Exercise price - three agreements	$	200.20
Stock price	$	130.60
Volatility		63.9	%
Term (in years)		0.24
Risk-free rate		0.2	%
Dividend yield		0.0	%

The Escrow Shares derivative liability was calculated using a Monte Carlo simulation and the following Level 3 inputs:

	December 31, 2023			December 31, 2022			February 4, 2022
First stock price trigger	$	270.00		$	270.00		$	270.00
Second stock price trigger	$	310.00		$	310.00		$	310.00
Stock price	$	4.81		$	13.00		$	130.60
Volatility		113.2	%		86.0	%		64.0	%
Term (in years)		1.10			2.09			3.00
Risk-free rate		4.7	%		4.4	%		1.6	%
Dividend yield		0.0	%		0.0	%		0.0	%

The stockholder earn-out rights were valued using a Monte Carlo simulation and the following Level 3 inputs:

	December 31, 2023			December 31, 2022			February 4, 2022
First stock price trigger	$	270.00		$	270.00		$	270.00
Second stock price trigger	$	310.00		$	310.00		$	310.00
First revenue trigger	$	65,000		$	65,000		$	65,000
Second revenue trigger	$	101,000		$	101,000		$	101,000
Stock price	$	4.81		$	13.00		$	130.60
Base year revenue assumption	$	42,270		$	48,000		$	55,500
Volatility		113.2	%		86.0	%		64.0	%
Term (in years)		1.10			2.09			3.00
Risk-free rate		4.7	%		4.4	%		1.6	%
Dividend yield		0.0	%		0.0	%		0.0	%