Cash, Cash Equivalents, and Restricted Cash

3 Months Ended

Mar. 31, 2022

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents, and Restricted Cash

Cash, Cash Equivalents, and Restricted Cash

Cash, cash equivalents, and restricted cash consisted of the following:

	March 31, 2022		December 31, 2021
Cash and cash equivalents	$	35,389	$	28,565
Restricted cash	37,224		130
	$	72,613	$	28,695

The March 31, 2022 restricted cash balance includes $37,066 of cash maintained in escrow related to Forward Share Purchase Agreements ("FPAs"). The cash will be released upon: (i) sale of the underlying shares by the FPA-holding shareholders into the open market, thus relieving Leafly of its contingent liability to repurchase the respective shares, in

which case the cash is released to Leafly; or (ii) the FPA-holding shareholders exercising their rights to put the respective shares to Leafly, in which case the cash is released to the FPA holders. Additional information regarding the FPAs is included in Notes 13, 20, and 21.