Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2021
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