Annual report pursuant to Section 13 and 15(d)

Stock Warrants and Earnout Shares (Tables)

v3.22.4
Stock Warrants and Earnout Shares (Tables)
12 Months Ended
Dec. 31, 2022
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value
Assumptions used in the valuation of Earnout Shares are as follows:
December 31, August 10,
2022 2021 2021
Expected volatility 73.70  % 72.10  % 62.20  %
Risk-free interest rate 3.92  % 1.51  % 1.36  %
Dividend rate 0.00  % 0.00  % 0.00  %
Expected term (in years) 8.61 9.61 10.00
Assumptions used in the valuation of Delta Warrants are as follows:
December 31, October 7,
2022 2022
Expected volatility 75.10  % 72.20  %
Risk-free interest rate 3.89  % 3.89  %
Dividend rate 0.00  % 0.00  %
Expected term (in years) 9.80 10.00