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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis were as follows:
Level 1Level 2Level 3Total
(In thousands)
Assets
September 30, 2022:
Equity securities at fair value$81,384 $— $— $81,384 
December 31, 2021:
Equity securities at fair value$113,630 $248,148 $— $361,778 
Liabilities
September 30, 2022:
Series A warrants$— $— $9,396 $9,396 
Series A embedded derivative liabilities— — 22,389 22,389 
Series B warrants— — 59,742 59,742 
Total$— $— $91,527 $91,527 
December 31, 2021:
Series A warrants$— $— $11,291 $11,291 
Series A embedded derivative liabilities— — 18,448 18,448 
Series B warrants— — 96,378 96,378 
Total$— $— $126,117 $126,117 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table sets forth a summary of the changes in the estimated fair value of the Company’s Level 3 liabilities, which are measured at fair value as a on a recurring basis:
Series A Warrant LiabilitiesSeries A Embedded Derivative LiabilitiesSeries B Warrant LiabilitiesTotal
(In thousands)
Balance at December 31, 2020$— $26,728 $52,341 $79,069 
Transfer to Level 36,640 — — 6,640 
Remeasurement to fair value11,887 14,683 177,296 203,866 
Balance at September 30, 2021$18,527 $41,411 $229,637 $289,575 
Balance at December 31, 2021$11,291 $18,448 $96,378 $126,117 
Remeasurement to fair value(1,895)3,941 (36,636)(34,590)
Balance at September 30, 2022$9,396 $22,389 $59,742 $91,527