Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended 4 Months Ended
Mar. 31, 2021
Dec. 31, 2020
FAIR VALUE MEASUREMENTS    
Schedule of fair value of warrant liabilities

The fair value of warrant liabilities at March 31, 2021 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements as of March 31, 2021 Using:

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities:

 

 

  

 

 

  

 

 

  

 

 

 

Public Warrants

 

$

16,905,000

 

$

 —

 

$

 

$

16,905,000

Private Placement Warrants

 

$

 

$

 —

 

$

8,722,000

 

$

8,722,000

 

 
Schedule of level 3 inputs used for the fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements as of December 31, 2020 Using:

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities:

 

 

  

 

 

  

 

 

  

 

 

  

Public Warrant liabilities

 

$

 —

 

$

 —

 

$

28,462,500

 

$

28,462,500

Private Placement Warrant Liabilities

 

$

 —

 

$

 —

 

$

14,685,000

 

$

14,685,000

 

The following table provides quantitative information regarding the Level 3 inputs used for the fair value measurements:

 

 

 

 

 

 

 

 

 

 

    

As of March 31, 2021

     

As of December 31, 2020

 

Exercise Price

 

$

11.50

 

$

11.50

 

Stock Price

 

$

10.25

 

$

10.00

 

Term (years)

 

 

5.17

 

 

5.0

 

Volatility

 

 

26.6

%

 

82.9

%

Risk free interest rate

 

 

0.96

%

 

0.42

%

Dividend yield

 

 

0.0

%

 

0.0

%

Public and private warrant price

 

$

1.96

 

$

3.30

 

 

 
Schedule of roll-forward of the fair value of the Public and Private Placement Warrant liabilities

The following table provides a roll-forward of the fair value of the Company’s Public and Private Placement Warrant liabilities, for which the fair value was determined using Level 1 and 3 inputs, respectively:

 

 

 

 

 

 

    

Warrant Liabilities

Fair value at December 31, 2020

 

$

43,147,500

Change in fair value of warrant liabilities

 

 

(17,520,500)

Fair value at March 31, 2021

 

$

25,627,000

 

 

 

 

 

 

    

Warrant liabilities

Fair value at December 7, 2020

 

$

43,147,500

Change in fair value

 

 

 —

Fair value at December 31, 2020

 

$

43,147,500