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Warrants (Tables)
3 Months Ended
Mar. 31, 2021
Warrant Disclosure [Abstract]  
Schedule of Fair Values for Outstanding Warrants

The Company determined the following fair values for the outstanding warrants (in thousands):

 

 

 

March 31,
2021

 

Public Warrants

 

$

12,842

 

Private Placement Warrants

 

 

486

 

Forward Purchase Warrants

 

 

2,233

 

Total

 

$

15,561

 

Schedule of Quantitative Information Regarding Fair Value Measurements

The following table provides quantitative information regarding Level 3 fair value measurements:

 

 

At February 10, 2021
(Closing Date)

 

 

As of
March 31, 2021

 

Stock price

 

$

10.42

 

 

$

10.45

 

Strike price

 

$

11.50

 

 

$

11.50

 

Term (in years)

 

 

5.0

 

 

 

4.9

 

Volatility

 

 

35.3

%

 

 

35.5

%

Risk-free rate

 

 

0.5

%

 

 

0.9

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

Fair value of warrants

 

$

2.64

 

 

$

2.69