| Schedule of assets and liabilities that are measured at fair value on a recurring basis |
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Fair value at
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Fair value at
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December 31,
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Liabilities:
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Warrant Liabilities
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Level
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March 31, 2021
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2020
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Private Placement Warrants
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3
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$
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2,260,500
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$
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3,452,400
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The Company notes that the U.S. Treasury Securities were reinvested with the funds from the previously matured securities
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Gross
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Amortized
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Holding
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Assets:
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Held-To-Maturity Securities
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Level
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Cost
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Gains
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Fair Value
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December 31, 2020
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U.S. Treasury Securities (Matured on 01/07/2021)(1)
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1
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$
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139,152,937
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$
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2,063
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$
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139,155,000
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December 31, 2019
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U.S. Treasury Securities (Matured on 4/16/2020)
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1
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$
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138,414,259
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$
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26,719
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$
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138,440,978
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December 31,
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December 31,
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Liabilities:
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Warrant Liabilities
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Level
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2020
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2019
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Private Placement Warrants
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3
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$
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3,452,400
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$
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1,972,800
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(1)
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The company notes that the U.S. Treasury Securities were reinvested with the funds from the previously matured securities
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| Schedule of key inputs |
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Input
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March 31, 2021
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March 31, 2020
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Risk-free interest rate
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0.62
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%
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0.37
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%
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Dividend yield
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0.00
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%
|
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0.00
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%
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Implied volatility
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12.6
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%
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8.80
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%
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Exercise price
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$
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11.50
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$
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11.50
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Market Stock Price
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$
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10.00
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$
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9.68
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October 22, 2019
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(Initial
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December
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December
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Input
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Measurement)
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31, 2019
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31, 2020
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Risk-free interest rate
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1.61
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%
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1.70
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%
|
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0.28
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%
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Dividend yield
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|
0.00
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%
|
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0.00
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%
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0.00
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%
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Implied volatility
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7.3
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%
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8.6
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%
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15.4
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%
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Exercise price
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$
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11.50
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$
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11.50
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$
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11.50
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Market Stock Price
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$
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9.80
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$
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9.80
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$
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10.20
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| Schedule of changes in the fair value of warrant liabilities |
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Private Placement
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Public
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Warrant Liabilities
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Fair value as of December 31, 2020
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$
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3,452,400
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$
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—
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$
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3,452,400
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Change in valuation inputs or other assumptions
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(1,191,900)
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—
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(1,191,900)
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Fair value as of March 31, 2021
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$
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2,260,500
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$
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—
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$
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2,260,500
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Private Placement
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Public
|
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Warrant Liabilities
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Fair value as of December 31, 2019
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$
|
1,972,800
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$
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—
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$
|
1,972,800
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Change in valuation inputs or other assumptions
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|
|
(945,300)
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—
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|
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(945,300)
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|
Fair value as of March 31, 2020
|
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$
|
1,027,500
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$
|
—
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$
|
1,027,500
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|
|
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|
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Private Placement
|
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Warrants
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Fair value as of October 22, 2019
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$
|
—
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Initial measurement on October 22, 2019 (IPO)
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1,356,300
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|
Change in valuation inputs or other assumptions
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|
|
616,500
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|
Fair value as of December 31, 2019
|
|
|
1,972,800
|
|
Change in valuation inputs or other assumptions
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|
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1,479,600
|
|
Fair value as of December 31, 2020
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|
$
|
3,452,400
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