Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.21.2
Warrant Liability (Tables)
3 Months Ended
Mar. 31, 2021
Warrant Liability [Abstract]  
Schedule Of Change In Fair Value Of The Warrant Liabilities
The change in fair value of the warrant liabilities is summarized as follows:
 
         
Warrant liability at March 25, 2021
   $ 17,796,406  
Change in fair value of warrant liabilities
     188,774  
    
 
 
 
Warrant liabilities at March 31, 2021
   $ 17,985,180  
    
 
 
 
Schedule Of Quantitative Information Regarding Level 3 Fair Value Measurements
The following table provides quantitative information regarding Level 3 fair value measurements as of March 31, 2021 and March 25, 2021 (date of issuance):
 
                 
    
March 31,
2021
   
March 25,
2021
 
Strike price
   $ 11.50     $ 11.50  
Share price
   $ 7.83     $ 7.81  
Volatility
     40.0     40.0
Risk-free rate
     1.27     1.17
Expected term (years)
     5.0       5.0