Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2022
Fair Value Measurements  
Schedule of company's assets and liabilities that are measured at fair value on a recurring basis

A summary of liability classified warrants is as follows (in thousands, except per share amounts):

Underlying 

Fair Value  

Common 

Strike 

Redemption 

Expiration 

at April 30,

Type

    

Shares

    

Price

    

Price

    

Date

    

2022

Private Placement Warrants – Sponsor

 

16,300

$

11.50

 

None

6/11/26

$

18,093

The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of April 30, 2022 and are categorized using the fair value hierarchy (in thousands):

    

Total

    

(Level 3)

Private Placement Warrants – Sponsor

$

18,093

 

18,093

Total liabilities recorded at fair value

$

18,093

 

18,093

Schedule of assumptions valuing warrants classified as liabilities

April 30, 2022

Risk-free interest rates

2.88

%

Expected dividend yield

 

Volatility factor

50

%

Expected lives (years)

 

 

4.1

Value per unit

$

1.11

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 Three

Months Ended

    

April 30, 2022

Balance as of January 31, 2022 (Successor)

$

28,199

Unrealized gains recognized as other income

 

(10,106)

Balance as of April 30, 2022 (Successor)

$

18,093

For the Three

Months Ended

    

April 30, 2021

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

$

900

Unrealized losses recognized as other income

 

(100)

Balance as of April 30, 2021 (Predecessor (SLH))

$

800