Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021, respectively, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

Fair Value Measurements as of March 31, 2022
Level 1 Level 2 Level 3
Assets (in thousands)
Money market $ 104,639  $ —  $ — 
Investments 9,313  —  — 
Total assets at fair value $ 113,952  $ —  $ — 
Liabilities:
Derivative warrant liabilities - Public warrants $ 10,713  $ —  $ — 
Derivative warrant liabilities - Private placement warrants —  —  9,475 
Total liabilities at fair value $ 10,713  $ —  $ 9,475 

Fair Value Measurements as of December 31, 2021
Level 1 Level 2 Level 3
Assets (in thousands)
Money market $ 154,630  $ —  $ — 
Investments 13,498  —  — 
Total assets at fair value $ 168,128  $ —  $ — 
Liabilities:
Derivative warrant liabilities - Public warrants $ 10,713  $ —  $ — 
Derivative warrant liabilities - Private placement warrants —  —  9,475 
Total liabilities at fair value $ 10,713  $ —  $ 9,475 
Schedule of Fair Value of Warrant Liabilities
The change in the fair value of the private warrant liabilities, measured using Level 3 inputs, for the period from December 31, 2021 through March 31, 2022 is summarized as follows:

Private Placement Warrants
(in thousands)
Warrant liabilities at December 31, 2021 $ 9,475 
Change in fair value of derivative warrant liabilities — 
Warrant liabilities at March 31, 2022
 $ 9,475