General form of registration statement for all companies including face-amount certificate companies

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