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

FAIR VALUE MEASUREMENTS (Tables)

v3.23.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended 11 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 02, 2021
Dec. 31, 2022
Summary of key inputs into the option pricing model

​

​

​

​

​

​

​

​

​

​

    

March 31, 2023

    

December 31, 2022

 

Volatility

 

​

73.0

%  

​

55.0

%

Risk-free interest rate

 

​

3.8

%  

​

4.1

%

Exercise price

​

$

11.50

​

$

11.50

​

Expected term

​

 

3.7

years

 

3.9

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

​

Foresight Acquisition Corp [Member]      
Summary of assets and liabilities that are measured at fair value on a recurring basis  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 2, 

​

    

Description

    

Level

    

2021

Liabilities:

 

  

 

  

 

  

Warrant Liability – Public Warrants

 

​

 

1

 

12,860,834

Warrant Liability – Private Placement Warrants

 

​

 

3

 

288,925

Warrant Liability – Underwriter Warrants

 

​

 

3

 

63,500

​

 
Summary of key inputs into the option pricing model  

​

​

​

​

​

​

​

​

​

​

​

February 12, 2021

​

​

​

 

​

    

(Initial Measurement)

    

December 3, 2021

​

Risk-free interest rate

 

​

0.56

%  

​

1.13

%

Trading days per year

 

​

252

 

​

252

​

Expected volatility

 

​

17.8

%  

​

21.0

%

Exercise price

​

$

11.50

​

$

11.50

​

Stock Price

​

$

9.65

​

$

9.48

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

Private

​

​

​

​

Warrant 

​

    

Placement

    

Public

    

Liabilities

Fair value as of January 1, 2021

​

$

—

​

$

—

​

$

—

Initial measurement on February 12, 2021 (including over-allotment)

​

 

280,875

​

 

10,857,917

​

 

11,138,792

Change in valuation inputs or other assumptions

​

$

71,550

​

$

2,002,917

​

$

2,074,467

​

​

​

​

​

​

​

​

​

​

Fair value as of December 2, 2021

​

$

352,425

​

$

12,860,834

​

$

13,213,259

​