v3.22.2.2
FAIR VALUE MEASUREMENT (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
As of December 31, 2021 and September 30, 2022, information about inputs for the fair value measurements of the Group’s assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
Fair Value Measurement as of December 31, 2021
(In thousands)Quoted Prices in Active Market
for Identical Assets (Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
Cash and cash equivalents$480,931 — — $480,931 
Restricted cash55,178 — — 55,178 
Total financial asset$536,109 — — $536,109 
Warrant liability$— — 1,105 $1,105 
Total financial liability$— — 1,105 $1,105 
Measured or disclosed at fair value on a recurring basis-continued
Fair Value Measurement as of September 30, 2022
(In thousands)Quoted Prices in Active Market
for Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
Cash and cash equivalents$295,816 — — $295,816 
Restricted cash$119,883 — — $119,883 
Total financial asset$415,699 — — $415,699 
Warrant liability$— — 184 $184 
Total financial liability$— — 184 $184 
Schedule of Reconciliation of the Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following is a reconciliation of the beginning and ending balances for Level 3 convertible notes during the nine months ended September 30, 2021:
(In thousands)Convertible Notes
Balance as of December 31, 2020$— 
Issuance of convertible notes$57,500 
Changes in fair value of convertible notes$9,861 
Conversion as of Merger$(67,361)
Balance as of September 30, 2021$— 
Schedule of Reconciliation of the Beginning and Ending Balances for Level 3 Warrant Liability
The following is a reconciliation of the beginning and ending balances for Level 3 warrant liability during the nine months ended September 30, 2021 and 2022:
(In thousands)Nine Months Ended September 30,
20212022
Balance at the beginning of the period— $1,105 
Assumed warrant liability upon Merger3,574 — 
Changes in fair value(1,113)(921)
Balance at end of the period$2,461 $184