Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

    

October 22, 2019

 

 

 

 

 

 

 

 

 

(Initial

 

December

 

December

 

Input

 

Measurement)

 

31, 2019

 

31, 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

 

 

 

 

 

    

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