Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

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

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value (in thousands):

June 30, 2022	Quoted Prices in Active Markets		Significant other Observable Units		Significant other Unobservable Units
Description	(Level 1)		(Level 2)		(Level 3)
Derivative warrant liabilities - Public Warrants	$	2,070	$	—	$	—
Derivative warrant liabilities - Private Placement Warrants	$	—	$	—	$	2,450

December 31, 2021	Quoted Prices in Active Markets		Significant other Observable Units		Significant other Unobservable Units
Description	(Level 1)		(Level 2)		(Level 3)
Derivative warrant liabilities - Public Warrants	$	—	$	—	$	4,375
Derivative warrant liabilities - Private Placement Warrants	$	—	$	—	$	4,000

Schedule of Quantitative Information of Level 3 Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements inputs used in measurement of fair value of Private Placement Warrants:

	June 30, 2022			December 31, 2021
Exercise price	$	11.50		$	11.50
Unit price	$	3.63		$	7.68
Volatility		65.1	%		37.6	%
Expected life of the options to convert		3.94			4.44
Risk-free rate		2.96	%		1.17	%
Dividend yield		0.0	%		0.0	%

Schedule of Change in Fair Value of Warrant Liabilities

The change in the fair value of the warrant liabilities for the six months ended June 30, 2022 is summarized as follows (in thousands):

Fair value of derivative warrant liabilities at December 31, 2021	$	8,375
Change in fair value of derivative warrant liabilities		(3,855	)
Fair value of derivative warrant liabilities at June 30, 2022	$	4,520