Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Summary of fair value hierarchy

Description	Level	June 30, 2021		December 31, 2020
Liabilities:
Warrant liabilities (Note 10)	3	$	515,025	$	—
Earnout Cash liability (Note 4)	3	$	25,874,896	$	—

Schedule of significant unobservable inputs

The significant unobservable inputs used in the Black-Scholes model to measure the warrant liability that are categorized within Level 3 of the fair value hierarchy are as follows:

	June 30, 2021			At Effective Time
Stock price on valuation date	$	11.62		$	24.25
Exercise price per share	$	11.50		$	11.50
Expected life		4.90			5.0
Volatility		35.7	%		39.0	%
Risk-free rate		0.9	%		0.8	%
Dividend yield		—	%		—	%
Fair value of warrants	$	3.78		$	14.56

Common stock warrant [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of reconciliation of liabilities

A reconciliation of warrant liabilities is included below:

	Fair Value
Balance as of December 31, 2020	$	—
Additions pursuant to Merger		1,983,674
Gain upon re-measurement		(1,468,649)
Balance as of June 30, 2021	$	515,025

Earnout Cash liability

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of reconciliation of liabilities

A reconciliation of the Earnout Cash liability is included below:

	Fair Value
Balance as of December 31, 2020	$	—
Additions pursuant to Merger		25,520,195
Loss upon re-measurement		354,701
Balance as of June 30, 2021	$	25,874,896