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

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Summary of Fair Value Measurements of Derivative Liabilities Measured at a Fair Value on a Recurring Basis The following tables detail the fair value measurements of derivative liabilities that are measured at a fair value on a recurring basis (in thousands):
 
    
March 31, 2022
 
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Earnout Shares
   $ —        $ —        $ 20,258      $ 20,258  
Switchback Founder Earn Back Shares
     —          —          1,962        1,962  
Warrants
     2,403        —          2,926        5,329  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 2,403      $ —        $ 25,146      $ 27,549  
    
 
 
    
 
 
    
 
 
    
 
 
 
 
    
December 31, 2021
 
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Earnout Shares
   $ —        $ —        $ 106,003      $ 106,003  
Switchback Founder Earn Back Shares
     —          —          9,087        9,087  
Warrants
     6,515        —          14,591        21,106  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 6,515      $ —        $ 129,681      $ 136,196  
    
 
 
    
 
 
    
 
 
    
 
 
 
The following table details the fair value measurements of derivative liabilities that are measured at a fair value on a recurring basis:
 
    
December 31, 2021
 
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Earnout Shares
   $ —        $ —        $ 106,003      $ 106,003  
Switchback Founder Earn Back Shares
     —          —          9,087        9,087  
Private Placement Warrants
    
    
 
 
       14,148        14,148  
Public Warrants
     6,515     
 
 
      
       6,515  
C-1
Warrants
    
       —          443        443  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 6,515      $ —        $ 129,681      $ 136,196