Canoo Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Schedule Of Assets And Liabilities 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 required by ASC 820, by level, within the fair value hierarchy as of March 31, 2023 and December 31, 2022 (in thousands):


	March 31, 2023
	Fair Value		Level 1		Level 2		Level 3
Liability
Contingent earnout shares liability	$	508	$	—	$	—	$	508
Warrant liability, non-current	$	23,000	$	—	$	23,000	$	—


	December 31, 2022
	Fair Value		Level 1		Level 2		Level 3
Liability
Contingent earnout shares liability	$	3,013	$	—	$	—	$	3,013
Warrant liability, current	$	17,171	$	—	$	17,171	$	—

Schedule of Fair Value of Earnout Shares and Private Placement Warrants

Following is a summary of the change in fair value of the Earnout Shares liability for the three months ended March 31, 2023 and March 31, 2022 (in thousands).


	Three Months Ended March 31,
Earnout Shares Liability	2023		2022
Beginning fair value	$	3,013	$	29,057

Change in fair value during the period	$	(2,505)	$	(15,465)
Ending fair value	$	508	$	13,592

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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