Transactions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Significant Unobservable Inputs in the Valuation of Warrants

The following table summarizes the Level 3 significant unobservable inputs that are included in the valuation of the July 2022 Warrants as of July 27, 2022:

	July 27, 2022
Unobservable Inputs	Input Value
Estimated term	5 years
Estimated volatility	50.6%
Risk-free rate	2.8%

The Exchangeable Right Liability was valued using a Black-Scholes model. The following table summarizes the significant unobservable inputs that are included in the valuation of Exchangeable right liability as of December 31, 2022 and 2021:

	December 31, 2022				December 31, 2021
Unobservable Inputs	Input Value or Range		Weighted Average		Input Value or Range		Weighted Average
Estimated term	3.9 years		3.9 years		4.9 years		4.9 years
Estimated volatility	93.0	%	93.0	%	45.0	%	45.0	%
Risk-free rate	4.1	%	4.1	%	1.2	%	1.2	%

The following table summarizes the significant unobservable inputs that are included in the valuation of Forward Purchase Agreement:

	December 31, 2021
Unobservable Inputs	Input Value or Range		Weighted Average
Estimated term	1.9 years		1.9 years
Estimated volatility	45.0	%	45.0	%
Risk-free rate	0.7	%	0.7	%

The following table summarizes the significant inputs that are included in the valuation of the SCN as of December 31, 2022 and December 16, 2022:

	December 31, 2022						December 16, 2022
Unobservable Inputs	Input Value or Range			Weighted Average			Input Value or Range			Weighted Average
Probability of scenarios:
Financing of $35 million or more within 1 year	45.0		%	45.0		%	35.0		%	35.0		%
Financing of $25 to $35 million within 1 year	30.0		%	30.0		%	35.0		%	35.0		%
Financing of less than $25 million within 1 year	25.0		%	25.0		%	30.0		%	30.0		%
Timing of scenarios:
Term to maturity	1.0 years			1.0 years			1.0 years			1.0 years
Estimated market yield	18.0		%	18.0		%	18.9		%	18.9		%
Risk-free rate	4.7		%	4.7		%	4.6		%	4.6		%
Estimated credit spread	13.2		%	13.2		%	14.3		%	14.3		%
Value of common share	$	0.48		$	0.48		$	0.78		$	0.78

The following table summarizes the significant unobservable inputs that are included in the valuation of GM Warrants as of December 31, 2022 and December 16, 2022:

	December 31, 2022				December 16, 2022
Unobservable Inputs	Input Value or Range		Weighted Average		Input Value or Range		Weighted Average
Estimated term	3.0 years		3.0 years		3.0 years		3.0 years
Estimated volatility	110.0	%	110.0	%	110.0	%	110.0	%
Risk-free rate	4.2	%	4.2	%	3.9	%	3.9	%