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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Liabilities Measured on Recurring Basis
The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at September 30, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands):

LevelSeptember 30, 2021December 31, 2020
Liabilities:
Warrant liability – Public Warrants1$54,000 $— 
Warrant liability – Private Placement Warrants356,350 — 
Total warrant liability$110,350 $— 
Schedule of Derivative Liabilities at Fair Value
The following tables summarize the changes in the fair value of the warrant liabilities (in thousands):
Three months ended September 30, 2021
Public WarrantsPrivate Placement WarrantsWarrant Liabilities
Fair value, beginning of period$79,375 $76,812 $156,187 
Change in valuation inputs or other assumptions(25,375)(20,462)(45,837)
Fair value, end of period$54,000 $56,350 $110,350 

Nine months ended September 30, 2021
Public WarrantsPrivate Placement WarrantsWarrant Liabilities
Fair value, beginning of period$— $— $— 
Warrant liability acquired100,750 93,228 193,978 
Change in valuation inputs or other assumptions(46,750)(36,878)(83,628)
Fair value, end of period$54,000 $56,350 $110,350 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:
September 30, 2021June 16, 2021
Exercise price$11.50 $11.50 
Stock price$14.50 $20.55 
Volatility60.0 %60.0 %
Term (years)4.715.00
Risk-free interest rate0.92 %0.89 %