General form of registration statement for all companies including face-amount certificate companies

Warrant (Tables)

v3.21.2
Warrant (Tables)
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights
Subsequent Accounting for Warrant Liabilities
Derivative liabilities must be measured at fair value upon issuance and
re-valued
at the end of each reporting period through expiration and are included in derivative liabilities on the unaudited condensed consolidated balance sheets. Any change in fair value between the respective reporting dates is recognized as an unrealized gain or loss in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss (Note 20).
The following table is a summary of the number of outstanding shares of the Company’s class A common stock issuable upon exercise of warrants at September 30, 2021:
 
   
Number of
Shares

(in
thousands)
   
Exercise
Price
   
Redemption
Price
   
Expiration
Date
   
Classification
   
Gain/(loss) in value
from September 9,

2021 (close of the
Merger) to September
30, 2021

(in thousands)
   
Fair Value at
September 30, 2021

(in thousands)
 
Public Warrants
    15,813   $ 11.50   $ 18.00     9/9/2026       Liability     $ 4,902   $ 24,193
Private Placement Warrants
    4,163   $ 11.50   $ 18.00     9/9/2026       Liability     $ 1,956   $ 9,449
Private Placement Warrants
    4,163   $ 20.00   $ 18.00     9/9/2026       Liability     $ 583   $ 2,914