Post-effective amendment to a registration statement that is not immediately effective upon filing

Fair Value Measurements and Hierarchy (Tables)

v3.23.1
Fair Value Measurements and Hierarchy (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Fair Value Disclosures [Abstract]    
Schedule of fair value hierarchy for financial liabilities

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Level 1

    

Level 2

    

Level 3

    

Total

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​

(in thousands)

Warrant liability as of March 31, 2023

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$

844

​

$

—

​

$

24

​

$

868

Warrant liability as of December 31, 2022

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$

1,477

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$

—

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$

40

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$

1,517

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Schedule of Fair Value Measurement Inputs and Valuation Techniques

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March 31, 2023

    

December 31, 2022

 

Volatility

 

​

73.0

%  

​

55.0

%

Risk-free interest rate

 

​

3.8

%  

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4.1

%

Exercise price

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$

11.50

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$

11.50

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Expected term

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3.7

years

 

3.9

years

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Schedule of changes in the fair value

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Three Months Ended March 31,

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2023

    

2022

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(in thousands)

Beginning balance

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$

40

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$

502

Mark-to-market adjustment

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(16)

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(19)

Ending balance

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$

24

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$

483

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Successor

 

  

Predecessor

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Year

    

December 3, 2021

  

    

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Ended

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through

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December

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December 31,

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January 1, 2021

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31, 2022

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2021

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through

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(Private

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(Private

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December 2, 2021

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Placement

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Placement

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(Class D

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​

Warrants)

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Warrants)

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​

Warrants)

Beginning balance

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$

502

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$

793

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$

6,316

Mark-to-market adjustment of stock warrants

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(462)

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(291)

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7,665

Ending balance

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$

40

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$

502

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$

13,981

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