Post-effective amendment to a registration statement that is not immediately effective upon filing

Earnout (Tables)

v3.22.1
Earnout (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Number of Earnout Shares Allocated to Unit of Account The following table summarizes the number of Earnout Shares allocated to each unit of account as of December 31, 2021:
    
Triggering Event
I Earnout Shares
    
Triggering Event
II Earnout
Shares
 
Contingent earnout liability
     7,144,325        5,953,595  
Stock compensation
     855,675        713,072  
    
 
 
    
 
 
 
Total Earnout Shares
     8,000,000        6,666,667  
    
 
 
    
 
 
 
Assumptions Used In The Valuation The following table describes the assumptions used in the valuation:
 
    
December 31,
   
July 14,
 
    
2021
   
2021
 
Current stock price
   $ 5.37     $ 8.56  
Expected volatility
     70.00     70.00
Risk-free interest rate
     1.19     0.85
Dividend rate
        
Expected term (years)
     4.54       5.00