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

FAIR VALUE MEASUREMENTS (Tables)

v3.21.4
FAIR VALUE MEASUREMENTS (Tables) - Foresight Acquisition Corp [Member]
9 Months Ended
Sep. 30, 2021
Summary of assets and liabilities that are measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

Description

    

Level

    

September 30, 2021

Liabilities:

 

  

 

  

Warrant Liability – Public Warrants

 

1

 

9,276,667

Warrant Liability – Private Placement Warrants

 

3

 

525,525

Warrant Liability – Underwriter Warrants

 

3

 

414,050

Summary of key inputs into the binomial lattice simulation model for the Private Placement Warrants and Public Warrants

The key inputs into the binomial lattice simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement and September 30, 2021 (Private Placement Warrants only):

    

    

February 12, 2021

    

 

(Initial

 

Input

Measurement)

September 30, 2021

 

Risk-free interest rate

 

  

 

0.56

%  

0.95

%

Trading days per year

 

  

 

252

252

Expected volatility

 

  

 

17.8

%  

15.3

%

Exercise price

 

  

$

11.50

$

11.50

Stock Price

 

  

$

9.65

$

9.86

Summary of Change in the fair value of the warrant liabilities

The following table presents the changes in the fair value of warrant liabilities:

    

Private

    

    

Warrant

Placement

Public

Liabilities

Fair value as of January 1, 2021

$

$

$

Initial measurement on February 12, 2021 (including over-allotment)

 

280,875

 

10,857,917

 

11,138,792

Change in valuation inputs or other assumptions

$

658,700

$

(1,581,250)

$

(922,550)

Fair value as of September 30, 2021

$

939,575

$

9,276,667

$

10,216,242