XML 51 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Warrants (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Fair Value Measurement Inputs
The redeemable convertible preferred stock warrants were valued using the following assumptions under the Black-Scholes option-pricing model:
 
    
Initial Issuance

Date
   
Subsequent

Issuance Date
   
December 31,
2020
   
February 11,
2021
   
March 11,
2021
 
Stock price
   $ 5.80   $ 5.80   $ 7.11   $ 10.27   $ 8.44
Expected term (years)
     10.00       9.31       2.00       2.00       2.00  
Expected volatility
     57.81     57.35     76.00     76.00     76.00
Risk-free interest rate
     3.06     1.75     0.13     0.13     0.13
Dividend yield
     0     0     0     0     0
 
    
March 11, 2021
   
March 31, 2021
   
June 30, 2021
 
Stock price
   $ 12.00   $ 8.50   $ 12.49
Exercise price of warrant
     11.5       11.5       11.5  
Expected term (years)
     5.00       4.95       4.7  
Expected volatility
     27.00     43.00     43.00
Risk-free interest rate
     0.78     0.92     0.92