XML 54 R38.htm IDEA: XBRL DOCUMENT v3.20.4
Merger Agreement and Reverse Recapitalization - Narrative (Details)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 16, 2020
shares
Nov. 16, 2020
USD ($)
tradingDay
$ / shares
shares
Nov. 12, 2020
$ / shares
shares
Dec. 31, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
Nov. 15, 2020
USD ($)
$ / shares
Business Acquisition [Line Items]            
Minimum threshold for closing cash pursuant to the Merger Agreement   $ 110,000        
Aggregate purchase price set forth in the Merger Agreement   $ 300,000        
Conversion price (in usd per share) | $ / shares   $ 10        
Conversion ratio   0.0576        
Contingent equity, earnout period   5 years        
Contingent equity, earnout period, shares issued (in shares) | shares   2,000,000        
Contingent equity, earnout period, threshold business days | tradingDay   5        
Contingent equity, earnout period, threshold price (in usd per share) | $ / shares   $ 16.00        
Contingent equity, earnout period, threshold trading days | tradingDay   20        
Contingent equity, earnout period, threshold consecutive trading days | tradingDay   30        
Original fair value of the contingently issuable shares   $ 17,944        
Change in fair value, Sponsor Earnout Shares       $ 8,083 $ 0  
Fair Value, Inputs, Level 3            
Business Acquisition [Line Items]            
Fair value measurement of Sponsor earnout shares   $ 16,235        
Block A Sponsor Earnout Shares            
Business Acquisition [Line Items]            
Sponsor earnout shares subject to restriction (in shares) | shares   859,000        
Contingent liability, earnout period   5 years        
Contingent liability, earnout period, threshold price (in usd per share) | $ / shares   $ 12.00        
Contingent liability, earnout period, threshold trading days | tradingDay   20        
Contingent liability, earnout period, threshold consecutive trading days | tradingDay   30        
Block A Sponsor Earnout Shares | Measurement Input, Risk Free Interest Rate | Valuation Technique, Option Pricing Model            
Business Acquisition [Line Items]            
Fair value of Sponsor earnout shares, measurement input   0.0041        
Block A Sponsor Earnout Shares | Measurement Input, Price Volatility | Valuation Technique, Option Pricing Model            
Business Acquisition [Line Items]            
Fair value of Sponsor earnout shares, measurement input   0.60        
Block A Sponsor Earnout Shares | Measurement Input, Expected Term | Valuation Technique, Option Pricing Model            
Business Acquisition [Line Items]            
Fair value of Sponsor earnout shares, measurement input   5        
Block A Sponsor Earnout Shares | Common Stock            
Business Acquisition [Line Items]            
Release of Block A Sponsor earnout shares from restriction (in shares) | shares 859,000     859,000 [1],[2]    
Block B Sponsor Earnout Shares            
Business Acquisition [Line Items]            
Sponsor earnout shares subject to restriction (in shares) | shares   859,000        
Contingent liability, earnout period   5 years        
Contingent liability, earnout period, threshold price (in usd per share) | $ / shares   $ 16.00        
Block B Sponsor Earnout Shares | Measurement Input, Risk Free Interest Rate | Valuation Technique, Option Pricing Model            
Business Acquisition [Line Items]            
Fair value of Sponsor earnout shares, measurement input 0.0036          
Block B Sponsor Earnout Shares | Measurement Input, Price Volatility | Valuation Technique, Option Pricing Model            
Business Acquisition [Line Items]            
Fair value of Sponsor earnout shares, measurement input 0.60          
Block B Sponsor Earnout Shares | Measurement Input, Expected Term | Valuation Technique, Option Pricing Model            
Business Acquisition [Line Items]            
Fair value of Sponsor earnout shares, measurement input 5          
BMRG            
Business Acquisition [Line Items]            
Redemption of BMRG shares prior to the Merger (in shares) | shares   6,442,195 6,442,195      
Redemption of BMRG shares prior to the Merger (in usd per share) | $ / shares     $ 10.10      
Redemption of BMRG shares prior to the Merger   $ 65,066        
Cash balance immediately prior to the Closing   $ 111,600       $ 167,411
Sponsor earnout shares subject to restriction (in shares) | shares   1,718,000        
BMRG | Private Placement            
Business Acquisition [Line Items]            
Issuance of PIPE Shares (in shares) | shares   4,000,000        
Issuance of PIPE Shares (in usd per share) | $ / shares           $ 10.00
Issuance of PIPE Shares   $ 40,000        
[1] See Note 1 for discussion of reverse capitalization given effect herein
[2] See Note 2 for discussion of Sponsor Earnout Shares