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]    
Summary of carrying amounts of financial instruments  

December 31, 2022

    

Carrying Value

    

Level 1

    

Level 2

    

Level 3

Financial liabilities:

 

  

 

  

Liability for private placement warrants

$

40

$

$

$

40

Liability for public warrants

$

1,477

$

1,477

$

$

    

December 31, 2021

Carrying Value

Level 1

Level 2

Level 3

Financial liabilities:

 

  

 

  

 

  

 

  

Liability for private placement warrants

$

502

$

$

$

502

Liability for public warrants

$

10,881

$

10,881

$

$

Schedule of Level 3 inputs into option pricing model  

The key Level 3 inputs into the option pricing model related to the private placement warrants to purchase Class A common stock were as follows:

December 31,

    

2022

    

2021

Volatility

    

55

%

60

%

Risk-free interest rate

 

4.11

%

1.26

%

Exercise price

$

11.50

$

11.50

Expected term

3.9

Years

 

4.9

Years

Summary of changes in company's Level 3 fair value measurements

Three Months Ended March 31,

    

2023

    

2022

(in thousands)

Beginning balance

$

40

$

502

Mark-to-market adjustment

 

(16)

 

(19)

Ending balance

$

24

$

483

    

Successor

 

  

Predecessor

    

Year

    

December 3, 2021

  

    

Ended

through

December

December 31,

January 1, 2021

31, 2022

2021

through

(Private

(Private

December 2, 2021

Placement

Placement

(Class D

Warrants)

Warrants)

Warrants)

Beginning balance

$

502

$

793

$

6,316

Mark-to-market adjustment of stock warrants

(462)

 

(291)

 

7,665

Ending balance

$

40

$

502

$

13,981