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)

9 Months Ended

Sep. 30, 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):


	September 30, 2023
	Level 1		Level 2		Level 3		Total
Notes(1)	$	—	$	—	$	59,005	$	59,005
Earnout Shares	—		—		14		14
Switchback Founder Earn Back Shares	—		—		2		2
Warrants	2		—		9		10
Total liabilities measured at fair value	$	2	$	—	$	59,029	$	59,030

(1) See Note 8 — Notes Payable for additional information. Mark-to-market adjustments of the Notes were loss of $0.8 million and a gain of $0.2 million for the three and nine months ended September 30, 2023 (2022 - $nil).


	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.

(2) Amounts associated with the issuance and mark-to-market adjustments of derivative liabilities are reflected in Other income (expense), net and totaled $0.8 million of other income and $2.4 million of other expense for the three months ended September 30, 2023 and 2022, respectively, and $1.9 million income and $132.6 million of other income for the nine months ended September 30, 2023 and 2022, respectively.