Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

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

Assets and liabilities measured at fair value on a recurring basis consisted of the following at June 30, 2023 (in thousands):

			Fair Value Measurements
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset:
Interest rate swap contract (see Note 11)	$	757	$	—	$	757	$	—
Liabilities:
2022 convertible promissory notes (see Note 11)		20,114		—		—		20,114
2023 NPA ̶ Initial Close Note (see Note 11)		3,199		—		—		3,199
One S.r.l. call option (see Note 10)		—		—		—		—
Total liabilities measured at fair value	$	23,313	$	—	$	—	$	23,313

Assets and liabilities measured at fair value on a recurring basis consisted of the following at December 31, 2022 (in thousands):

			Fair Value Measurements
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset:
Interest rate swap contract (see Note 11)	$	800	$	—	$	800	$	—
Liabilities:
2022 promissory notes (see Note 11)		27,403		—		—		27,403
Earnout liability (see Note 13)		563		—		—	$	563
Private placement warrant liability (see Note 12)		130		—		—		130
One S.r.l. call option (see Note 10)		674		—		—		674
Total liabilities measured at fair value	$	28,770	$	—	$	—	$	28,770

Summary of Changes in Fair Value of Company's Level 3 Financial Instruments

The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments during the six months ended June 30, 2023:

	Convertible Promissory Notes			One S.r.l. Call Option			Earnout Liability			Private Placement Warrant Liability
Balance at December 31, 2022	$	27,403		$	674		$	563		$	130
Issuance of convertible promissory notes		5,000			—			—			—
Transaction price allocated to warrant issuance		(1,459	)		—			—			—
Changes in fair value		(7,631	)		(678	)		(563	)		(130	)
Foreign currency translation adjustment		—			4			—			—
Balance at June 30, 2023	$	23,313		$	—		$	—		$	—