General form of registration statement for all companies including face-amount certificate companies

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
FAIR VALUE MEASUREMENTS    
Schedule of gross holding losses and fair value of held-to-maturity securities

    

    

Gross 

    

Amortized

Holding 

    

Held-To-Maturity

    

Level

    

 Cost

    

Gains

    

Fair Value

June 30, 2021

 

Liquid Treasury Money Market Fund

1

$

139,188,838

$

0

$

139,188,838

December 31, 2020

 

U.S. Treasury Securities (Matured on 01/07/2021)(1)

1

$

139,152,937

$

2,063

$

139,155,000

 
Schedule of assets and liabilities that are measured at fair value on a recurring basis

Fair value at

Fair value at

December 31, 

Liabilities:

    

Warrant Liabilities

    

Level

    

June 30, 2021

    

2020

Warrant Liability

3

$

12,330,000

$

3,452,400

Convertible Promissory Notes – Related Party

 

3

1,350,000

500,000

(1) The Company notes that the U.S. Treasury Securities were reinvested with the funds from the previously matured securities

Gross

Amortized

Holding

Assets:

    

Held-To-Maturity Securities

    

Level

    

 Cost

    

  Gains 

    

Fair Value

December 31, 2020

U.S. Treasury Securities (Matured on 01/07/2021)(1)

1

$

139,152,937

$

2,063

$

139,155,000

December 31, 2019

 

U.S. Treasury Securities (Matured on 4/16/2020)

1

$

138,414,259

$

26,719

$

138,440,978

    

    

    

December 31, 

    

December 31, 

Liabilities:

Warrant Liabilities

Level

2020

2019

Private Placement Warrants

3

$

3,452,400

$

1,972,800

(1) The company notes that the U.S. Treasury Securities were reinvested with the funds from the previously matured securities
Schedule of key inputs

Input

    

June 30, 2021

    

December 31, 2020

 

Risk-free interest rate

 

0.80

%

0.28

%

Dividend yield

 

0.00

%

0.00

%

Implied volatility

 

40.04

%

15.4

%

Exercise price

$

11.50

$

11.50

Market Stock Price

$

10.00

$

10.20

    

October 22, 2019

 

 

 

(Initial

 

December 31,

 

December 31,

 

Input

Measurement)

 

2019

 

2020

 

Risk-free interest rate

1.61

%

1.70

%

0.28

%

Dividend yield

 

0.00

%

0.00

%

0.00

%

Implied volatility

 

7.3

%

8.6

%

15.4

%

Exercise price

$

11.50

$

11.50

$

11.50

Market Stock Price

$

9.80

$

9.80

$

10.20

Schedule of changes in the fair value of warrant liabilities

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

Private Placement

    

Warrants

Fair value as of December 31, 2020

$

3,452,400

Change in valuation inputs or other assumptions

 

8,877,600

Fair value as of June 30, 2021

$

12,330,000

    

Private Placement

Warrants

Fair value as of October 22, 2019

$

Initial measurement on October 22, 2019 (IPO)

 

1,356,300

Change in valuation inputs or other assumptions

 

616,500

Fair value as of December 31, 2019

 

1,972,800

Change in valuation inputs or other assumptions

 

1,479,600

Fair value as of December 31, 2020

$

3,452,400