Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2021
FAIR VALUE MEASUREMENTS  
Schedule of fair value hierarchy of financial instruments, measured at fair value

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Fair Value Measurement as of September 30, 2021

($in thousands)

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities

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Derivative warrant liabilities

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$

—

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$

—

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$

4,365

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$

4,365

Total

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$

—

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$

—

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$

4,365

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$

4,365

Schedule of roll-forward of changes in fair value of Level 3 financial instruments

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Warrants

($in thousands)

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liabilities

Balance at December 31, 2020

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$

—

Additions:

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Contingent payment warrant

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3,819

Placement agent warrant

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362

Change in fair value of warrant liability

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184

Balance at September 30, 2021

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$

4,365

Contingent Payment Warrant  
FAIR VALUE MEASUREMENTS  
Schedule of weighted average significant unobservable inputs used in measuring liabilities

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September 30, 2021

 

Discount rate

 

30

%

Expected dividend yield

 

—

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Expected term

 

3 months to 5 years

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