Current report filing

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
12 Months Ended
Jan. 31, 2022
Schedule of company's assets and liabilities that are measured at fair value on a recurring basis

The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of January 31, 2022 and are categorized using the fair value hierarchy (in thousands):

    

Total

    

(Level 3)

Private Placement Warrants – Sponsor

$

28,199

 

28,199

Total liabilities recorded at fair value

$

28,199

 

28,199

Schedule of reconciliation of Level 3 instruments

The following tables reconcile Level 3 instruments for which significant unobservable inputs were used to determine fair value:

For the Period from

February 1, 2021

    

to June 11, 2021

Balance as of January 31, 2021 (Predecessor (SLH))

$

900

Unrealized gains recognized as other income

 

(900)

Balance as of June 11, 2021 (Predecessor (SLH))

$

For the Period from

June 12, 2021

to January 31, 2022

Balance as of June 12, 2021 (Successor)

 

45,640

Unrealized losses recognized as other income

 

(17,441)

Balance as of January 31, 2022 (Successor)

$

28,199

Schedule of assumptions used valuing Successor Company Warrants

June 11, 2021

January 31, 2022

Risk-free interest rates

0.76

%

1.54

%

Expected dividend yield

 

 

Volatility factor

31

%

43

%

Expected lives (years)

 

5.0

 

4.4

Value per unit

$

2.80

$

1.73