XML 52 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Fair Value Disclosures [Abstract]    
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]  

December 31, 2020 (As Restated)

 

Level 1

 

Level 2

 

Level 3

 

Total

Warrant liabilities:

 

 

   

 

   

 

   

 

 

Public Warrants

 

$

33,750,000

 

$

 

$

 

$

33,750,000

Private Placement Warrants

 

 

 

 

 

 

23,180,000

 

 

23,180,000

Total warrant liabilities

 

$

33,750,000

 

$

 

$

23,180,000

 

$

56,930,000

September 30, 2020 (As Restated)

 

Level 1

 

Level 2

 

Level 3

 

Total

Warrant liabilities:

 

 

   

 

   

 

   

 

 

Public Warrants(1)

 

$

27,000,000

 

$

 

$

 

$

27,000,000

Private Placement Warrants

 

 

 

 

 

 

18,050,000

 

 

18,050,000

Total warrant liabilities

 

$

27,000,000

 

$

 

$

18,050,000

 

$

45,050,000

June 30, 2020 (As Restated)

 

Level 1

 

Level 2

 

Level 3

 

Total

Warrant liabilities:

 

 

   

 

   

 

   

 

 

Public Warrants

 

$

14,100,000

 

$

 

$

 

$

14,100,000

Private Placement Warrants

 

 

 

 

 

 

8,930,000

 

 

8,930,000

Total warrant liabilities

 

$

14,100,000

 

$

 

$

8,930,000

 

$

23,030,000

May 8, 2020 (As Restated)

 

Level 1

 

Level 2

 

Level 3

 

Total

Warrant liabilities:

 

 

   

 

   

 

   

 

 

Public Warrants

 

$

 

$

 

$

14,700,000

 

$

14,700,000

Private Placement Warrants

 

 

 

 

 

 

9,500,000

 

 

9,500,000

Total warrant liabilities

 

$

 

$

 

$

24,200,000

 

$

24,200,000

Fair Value, Concentration of Risk [Table Text Block]
 

As of
March 31,
2021

 

As of
December 31,
2020

Exercise price

 

$

11.50

 

 

$

11.50

 

Stock price

 

$

9.93

 

 

$

10.76

 

Volatility

 

 

15.5

%

 

 

30.5

%

Term

 

 

5.25

 

 

 

5.25

 

Risk-free rate

 

 

0.98

%

 

 

0.40

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

As of May 8,
2020 (As
Restated)

 

As of June 30,
2020 (As
Restated)

 

As of
September 30, 2020 (As
Restated)

 

As of
December
31, 2020 (As
Restated)

Exercise price

 

$

11.50

 

 

$

11.50

 

 

$

11.50

 

 

$

11.50

 

IPO price

 

 

10.00

 

 

 

10.00

 

 

 

10.00

 

 

 

10.00

 

Implied stock price range (or underlying asset price at December 31, 2020)

 

 

9.51

 

 

 

9.70

 

 

 

10.20

 

 

 

10.76

 

Volatility

 

 

18.7

%

 

 

17.45

%

 

 

26.95

%

 

 

30.5

%

Term

 

 

5.91

 

 

 

5.75

 

 

 

5.50

 

 

 

5.25

 

Risk-free rate

 

 

0.44

%

 

 

37.00

%

 

 

33.00

%

 

 

0.40

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
 

Private Placement

 

Public

 

Warrant Liabilities

Fair value, December 31, 2020

 

$

23,180,000

 

 

$

33,750,000

 

 

$

56,930,000

 

Recognized income on change in fair value

 

 

(14,630,000

)

 

 

(20,250,000

)

 

 

(34,880,000

)

Fair value, March 31, 2021

 

$

8,550,000

 

 

$

13,500,000

 

 

$

22,050,000

 

 

Private
Placement

 

Public

 

Total Warrant
Liabilities

Initial measurement on May 8, 2020 (As Restated)

 

$

9,500,000

 

 

$

14,700,000

 

 

$

24,200,000

 

Change in fair value of warrant liability

 

 

(570,000

)

 

 

(600,000

)

 

 

(1,170,000

)

Fair value, June 30, 2020 (As Restated)

 

$

8,930,000

 

 

$

14,100,000

 

 

$

23,030,000

 

Change in fair value of warrant liability

 

 

9,120,000

 

 

 

12,900,000

 

 

 

22,020,000

 

Fair value, September 30, 2020 (As Restated)

 

$

18,050,000

 

 

$

27,000,000

 

 

$

45,050,000

 

Change in fair value of warrant liability

 

 

5,130,000

 

 

 

6,750,000

 

 

 

11,880,000

 

Fair value, December 31, 2020 (As Restated)

 

$

23,180,000

 

 

$

33,750,000

 

 

$

56,930,000

 

Fair Value, Assets Measured on Recurring Basis [Table Text Block]
 

Level 1

 

Level 2

 

Level 3

 

Total

Warrant liabilities:

 

 

   

 

   

 

   

 

 

Public Warrants

 

$

13,500,000

 

$

 

$

 

$

13,500,000

Private Placement Warrants

 

 

 

 

 

 

8,550,000

 

 

8,550,000

Total warrant liabilities

 

$

13,500,000

 

$

 

$

8,550,000

 

$

22,050,000