XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Warrants (Tables)
3 Months Ended
Mar. 31, 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)10.009.312.002.002.00
Expected volatility57.81 %57.35 %76.00 %76.00 %76.00 %
Risk-free interest rate3.06 %1.75 %0.13 %0.13 %0.13 %
Dividend yield%%%%%
The Private Placement warrants were valued using the following assumptions under the Black-Scholes option-pricing model:
March 11, 2021March 31, 2021
Stock price$12.00 $8.50 
Exercise price of warrant11.511.5
Expected term (years)5.004.95
Expected volatility27.00 %43.00 %
Risk-free interest rate0.78 %0.92 %