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Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of fair value measurements of group’s assets and liabilities of recurring basis

		Fair Value Measurement as of December 31, 2020
(In thousands)		Quoted Prices in Active Market for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash and cash equivalents		$	21,496		—		—		$	21,496
Restricted cash			19,700		—		—			19,700
Total		$	41,196		—		—		$	41,196

		Fair Value Measurement as of September 30, 2021
(In thousands)		Quoted Prices in Active Market for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash and cash equivalents		$	572,609		—		—		$	572,609
Restricted cash			39,900		—		—			39,900
Total financial asset		$	612,509		—		—		$	612,509
Warrant liability		$	—		—		2,461		$	2,461
Total financial liability		$	—		—		2,461			2,461

Schedule of reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis

(In thousands)		Convertible Notes
Balance as of January 1, 2021		$	—
Issuance of convertible notes			57,500
Changes in fair value of convertible notes			9,861
Conversion as of Merger			(67,361	)
Balance as of September 30, 2021		$	—

Schedule of reconciliation of the beginning and ending balances for Level 3 warrant liability

(In thousands)		Warrant Liability
Balance as of January 1, 2021		$	—
Assumed warrant liability upon Merger			3,574
Changes in fair value			(1,113	)
Balance as of September 30, 2021		$	2,461

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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-Publisher FASB
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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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-Publisher FASB
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