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Summary of Significant Accounting Policies (Tables) - Spartacus Acquisition Corp [Member]
5 Months Ended 9 Months Ended
Dec. 31, 2020
Sep. 30, 2021
Summary of Significant Accounting Policies (Tables) [Line Items]    
Schedule of assets and liabilities that were measured at fair value on a recurring basis

Description

 

December 31,
2020

 

Quoted
Prices
in Active
Markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Other
Unobservable
Inputs
(Level 3)

Assets:

 

 

   

 

   

 

   

 

 

U.S. Money Market held in trust Account

 

 

5,071

 

 

5,071

 

 

__

 

 

__

U.S. Treasury Securities held in Trust Account

 

 

203,023,911

 

 

203,023,911

 

 

 

 

Cash and marketable securities held in Trust Account

 

$

203,028,982

 

$

203,028,982

 

$

 

$

   

 

   

 

   

 

   

 

 

Liabilities:

 

 

   

 

   

 

   

 

 

Warrant Liability – Public Warrants

 

$

11,200,000

 

$

11,200,000

 

$

 

$

   

 

   

 

   

 

   

 

 

Warrant Liability – Private Placement Warrants

 

$

11,812,500

 

$

 

$

 

$

11,812,500

Description

 

September 30, 2021

 

Quoted
Prices in
Active
Markets
(Level 1)

 

Significant Other Observable Inputs
(Level 2)

 

Significant Other Unobservable Inputs
(Level 3)

Liabilities:

 

 

   

 

   

 

   

 

 

Warrant Liability – Public Warrants

 

$

15,900,000

 

$

15,900,000

 

$

 

$

   

 

   

 

   

 

   

 

 

Warrant Liability – Private Placement Warrants

 

$

16,012,500

 

$

 

$

 

$

16,012,500

Description

 

December 31, 2020

 

Quoted
Prices in
Active
Markets
(Level 1)

 

Significant Other Observable Inputs
(Level 2)

 

Significant Other Unobservable Inputs
(Level 3)

Liabilities:

 

 

   

 

   

 

   

 

 

Warrant Liability – Public Warrants

 

$

11,200,000

 

$

11,200,000

 

$

 

$

   

 

   

 

   

 

   

 

 

Warrant Liability – Private Placement Warrants

 

$

11,812,500

 

$

 

$

 

$

11,812,500

Schedule of fair value measurements for both the public and private placement

Public Warrants

 

At
October 19,
2020
(Initial
Measurement)

Stock Price

 

$

9.46   

Strike Price

 

$

11.50   

Term (in years)

 

 

7.0   

Volatility (pre/post business combination)

 

 

10%/22%

Risk-free rate

 

 

0.3%

Dividend yield

 

 

0.0%

Redemption price

 

 

18.00   

Fair value of warrants

 

$

1.05   

Private Placement Warrants

 

As of
December 31,
2020

 

At
October 19,
2020
(Initial
Measurement)

Stock price

 

$

10.06   

 

$

9.46   

Strike price

 

$

11.50   

 

$

11.50   

Term (in years)

 

 

7.0   

 

 

7.0   

Volatility (pre/post business combination)

 

 

10%/25%

 

 

10%/22%

Risk-free rate

 

 

0.4%

 

 

0.3%

Dividend yield

 

 

0.0%

 

 

0.0%

Redemption Price

 

$

   

 

$

   

Fair value of warrants

 

$

1.35   

 

$

1.09   

Private Placement Warrants

 

As of September 30,
2021

 

As of December 31,
2020

Stock price

 

$

10.12

 

 

$

10.06

 

Strike price

 

$

11.50

 

 

$

11.50

 

Term (in years)

 

 

5.1

 

 

 

6.3

 

Volatility (pre/post business combination)

 

 

12

%/26%

 

 

10

%/25%

Risk-free rate

 

 

1.0

%

 

 

0.4

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

Probability of business combination

 

 

95

%

 

 

85

%

Redemption Price

 

$

 

 

$

 

Fair value of warrants

 

$

1.83

 

 

$

1.35

 

Schedule of changes in fair value of warrant liabilities
 

Private
Placement

 

Public

 

Warrant
Liabilities

Fair value as of August 20, 2020

 

$

 

$

 

$

Initial measurement on October 19, 2020

 

 

9,537,500

 

 

10,500,000

 

 

20,037,500

Change in valuation inputs or other assumptions

 

 

2,275,000

 

 

700,000

 

 

2,975,000

   

 

   

 

   

 

 

Fair value as of December 31, 2020

 

$

11,812,500

 

$

11,200,000

 

$

23,012,500

 

Private Placement

 

Public

 

Warrant Liabilities

Fair value as of December 31, 2020

 

$

11,812,500

 

$

11,200,000

 

$

23,012,500

Change in fair value of warrant liability

 

 

4,200,000

 

 

4,700,000

 

 

8,900,000

Fair value as of September 30, 2021

 

$

16,012,500

 

$

15,900,000

 

$

31,912,500

Schedule of weighted average number of non-redeemable
 

For the
Year ended
December 31,
2020

Common stock subject to possible redemption

 

 

 

 

Numerator: Net income allocable to Class A common stock subject to possible redemption

 

 

 

 

Amortized Interest income on marketable securities held in trust

 

$

24,142

 

Less: interest available to be withdrawn for payment of taxes

 

 

(24,142

)

Net income allocable to Class A common stock subject to possible redemption

 

$

 

Denominator: Weighted-Average Redeemable Class A common stock

 

 

 

 

Redeemable Class A Common Stock, Basic and Diluted

 

 

8,663,166

 

Basic and Diluted net income per share, Redeemable Class A Common Stock

 

$

0.00

 

   

 

 

 

Non-Redeemable Common Stock

 

 

 

 

Numerator: Net Income minus Redeemable Net Earnings

 

 

 

 

Net Loss

 

$

(3,733,764

)

Redeemable Net Earnings

 

 

 

Non-Redeemable Net Loss

 

$

(3,733,764

)

Denominator: Weighted-Average Non-Redeemable Common Stock

 

 

 

 

Basic and diluted weighted-average shares outstanding, common stock

 

 

6,546,624

 

Basic and diluted net loss per share, common stock

 

$

(0.57

)

 

Three Months Ended September 30, 2021

 

Nine Months Ended September 30, 2021

Class A Common stock subject to possible redemption

 

 

 

 

 

 

 

 

Numerator: Net loss allocable to Class A common stock subject to possible redemption

 

$

(6,357,008

)

 

$

(9,910,316

)

Denominator: Weighted Average Redeemable Class A common stock Basic and Diluted weighted average shares outstanding

 

 

20,000,000

 

 

 

20,000,000

 

Basic and Diluted net loss per share, Redeemable Class A Common Stock

 

$

(0.32

)

 

$

(0.50

)

   

 

 

 

 

 

 

 

Non-Redeemable Class B Common Stock

 

 

 

 

 

 

 

 

Numerator: Net loss allocable to non-redeemable Class B common stock

 

$

(1,589,252

)

 

$

(2,477,579

)

Denominator: Weighted Average Non-Redeemable Class B Common Stock Basic and diluted weighted average shares outstanding

 

 

5,000,000

 

 

 

5,000,000

 

Basic and diluted net loss per share, Non-Redeemable Class B common stock

 

$

(0.32

)

 

$

(0.50

)