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Earn-Out Shares (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value Measurement Inputs and Valuation Techniques Assumptions used in the valuation were as follows:
June 30, 2022December 31, 2021
Stock price$2.01 $12.47 
Expected volatility75.0 %55.0 %
Risk-free interest rate2.94 %0.91 %
Forecast period (in years)2.3 2.8 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The following table presents a reconciliation of changes in the carrying amount of the contingent earn-out liability classified as Level 3 fair value hierarchy using significant unobservable inputs for the six months ended June 30, 2022:
(In thousands)Earn-Out Liability
Balance at December 31, 2021
$98,900 
Change in fair value related to option holder forfeitures172 
Change in fair value related to share valuation inputs(96,572)
Total change in fair value recognized in earnings$(96,400)
Balance at June 30, 2022
$2,500