Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
4 Months Ended 6 Months Ended
Dec. 31, 2020
Jun. 30, 2021
FAIR VALUE MEASUREMENTS    
Schedule of fair value of warrant liabilities

Fair Value Measurements at 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

 
Schedule of quantitative information regarding the Level 3 inputs used for the fair value measurements

As of December 7, 2020

As of

 

    

(Initial Measurement)

    

December 31, 2020

 

Exercise price

$

11.50

$

11.50

Stock price

$

10.00

$

10.00

Term (years)

 

5.0

 

5.0

Volatility

 

82.8

%  

 

82.9

%

Risk free interest rate

 

0.46

%  

 

0.42

%

Dividend yield

 

0.0

%  

 

0.0

%

Public and private warrant price

$

3.30

$

3.30

 
Schedule of roll-forward of the fair value of the warrant liability

    

Warrant liabilities

Fair value at December 7, 2020

$

43,147,500

Change in fair value

 

Fair value at December 31, 2020

$

43,147,500

The following table presents the changes in the fair value of Level 3 warrant liabilities:

Private

Warrant

    

Placement

    

Public

    

Liabilities

Fair value as of January 1, 2021

$

14,685,000

$

28,462,500

$

43,147,500

Change in fair value

(5,963,000)

(11,557,500)

 

(17,520,500)

Transfer to Level 1

(16,905,000)

(16,905,000)

Transfer to Level 2

(8,722,000)

(8,722,000)

Fair value as of June 30, 2021

$

$

$