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Fair Value Measurements (Tables) - Deerfield Healthcare Technology Acquisitions Corp
3 Months Ended 8 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Schedule of financial assets that are measured at fair value on a recurring basis

March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

    

Quoted Prices in

    

Significant Other

    

Significant Other

 

 

Active Markets

 

Observable Inputs

 

Unobservable Inputs

Description

 

(Level 1)

 

(Level 2)

 

(Level 3)

Investments held in Trust Account

 

$

143,836,562

 

$

 —

 

$

 —

Derivative warrant liabilities -Public Warrants

 

$

6,641,250

 

$

 —

 

$

 —

Derivative warrant liabilities -Private Warrants

 

$

 —

 

$

 —

 

$

7,228,756

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

    

Quoted Prices in

    

Significant Other

    

Significant Other

 

 

Active Markets

 

Observable Inputs

 

Unobservable Inputs

Description

 

(Level 1)

 

(Level 2)

 

(Level 3)

Investments held in Trust Account

 

$

248,988,147

 

$

 —

 

$

 —

Derivative warrant liabilities -Public Warrants

 

$

11,787,500

 

$

 —

 

$

 —

Derivative warrant liabilities -Private Warrants

 

$

 —

 

$

 —

 

$

12,976,648

 

 

 

 

 

 

 

 

 

 

 

 

    

Quoted Prices in

    

Significant Other

    

Significant Other

 

 

Active Markets

 

Observable Inputs

 

Unobservable Inputs

Description

 

(Level 1)

 

(Level 2)

 

(Level 3)

Assets:

 

 

 

 

 

 

 

 

 

Investments held in Trust Account U.S. Treasury Bills maturing January 21, 2021

 

$

143,836,562

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Derivative warrant liabilities - Public

 

$

11,787,500

 

$

 —

 

$

 —

Derivative warrant liabilities - Private

 

$

 —

 

$

 —

 

$

12,976,648

 

Schedule of quantitative information regarding Level 3 fair value measurements inputs

 

 

 

 

 

 

 

 

 

    

As of December 31, 2020

    

As of March 31, 2021

 

Exercise price

 

$

11.50

 

$

11.50

 

Unit price

 

$

10.00

 

$

13.10

 

Volatility

 

 

25.0

%

 

25.0

%

Probability of completing a Business Combination

 

 

78.0

%

 

77.2

%

Expected life of the options to convert

 

 

5.42

 

 

5.17

 

Risk-free rate

 

 

0.42

%

 

0.96

%

Dividend yield

 

 

0.0

%

 

0.0

%

 

 

 

 

 

 

 

 

 

As of

 

As of

 

 

    

July 21, 2020

    

December 31, 2020

 

Volatility

 

25.0

%  

25

%  

Probability of completing a Business Combination

 

70.0

%  

78

%  

Expected life of the options to convert

 

5.86

 

5.42

 

Risk-free rate

 

0.35

%  

0.42

%  

Dividend yield

 

0.0

%  

0.0

%  

 

Schedule of change in the fair value of the warrant liabilities

 

 

 

 

Derivative warrant liabilities at December 31, 2020

    

$

12,976,648

Change in fair value of derivative warrant liabilities

 

 

(5,747,982)

Derivative warrant liabilities at March 31, 2021

 

$

7,228,756

 

 

 

 

 

Warrant liabilities at May 8, 2020 (inception)

    

$

 —

Issuance of Public and Private Warrants

 

 

7,178,499

Change in fair value of warrant liabilities

 

 

17,585,649

Warrant liabilities at December 31, 2020

 

$

24,764,148