Derivatives (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Changes in Fair Value of Derivative Instruments

The following table provides a summary of the changes in fair value of the Company’s derivative instruments for the year ended December 31, 2021.

	Warrants Exercisable for Class A Ordinary Shares
	Public			Private			Total
Balance January 1, 2021	$	-		$	-		$	-
Initial Fair Value as of February 12, 2021		12,650,000			9,900,000			22,550,000
Change in fair value as of December 31, 2021		(2,645,000	)		(1,890,000	)		(4,535,000	)
Balance as of December 31, 2021	$	10,005,000		$	8,010,000		$	18,015,000

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details

Lazard Growth Acquisition Corp. I 10-K