Bird Global, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Fair Value, Liabilities Measured on 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, 2023
	Level 1		Level 2		Level 3		Total
Notes(1)	$	—	$	—	$	64,585	$	64,585
Earnout Shares	—		—		2,461		2,461
Switchback Founder Earn Back Shares	—		—		217		217
Warrants	190		—		401		591
Total liabilities measured at fair value	$	190	$	—	$	67,664	$	67,854

(1) See Note 8 — Notes Payable for additional information. Mark-to-market adjustments of the Notes were $4.8 million for the three months ended March 31, 2023.


	December 31, 2022
	Level 1		Level 2		Level 3		Total
Notes(1)	$	—	$	—	$	30,100	$	30,100
Earnout Shares	—		—		1,459		1,459
Switchback Founder Earn Back Shares	—		—		125		125
Warrants	108		—		201		309
Total liabilities measured at fair value	$	108	$	—	$	31,885	$	31,993

(1) See Note 8 — Notes Payable for additional information. Mark-to-market adjustments of the Notes were immaterial for the year ended December 31, 2022.