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Earn-Out Shares (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value Measurement Inputs and Valuation Techniques Assumptions used in the valuation were as follows:
September 30, 2022December 31, 2021
Stock price$1.61 $12.47 
Expected volatility80.0 %55.0 %
Risk-free interest rate4.22 %0.91 %
Forecast period (in years)2.0 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 nine months ended September 30, 2022:
(In thousands)Earn-Out Liability
Balance at December 31, 2021
$98,900 
Change in fair value related to option holder forfeitures181 
Change in fair value related to share valuation inputs(97,781)
Total change in fair value recognized in earnings$(97,600)
Balance at September 30, 2022
$1,300