Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Weighted Average Unobservable Inputs

A summary of weighted average (in aggregate) significant unobservable inputs (Level 3 inputs) used in measuring the Company’s Notes and Warrants at the issuance date of January 28, 2019 and during the conversion of the Notes as of June 27, 2019, are as follows:

Senior Secured Promissory Notes

January 28,

2019

As of June 27,

2019

Dividend yield

0%

0%

Expected price volatility

119.5%

122.2%-127.1%

Risk free interest rate

2.60%

2.07%-2.44%

Expected term

1 year

-

F-17


Index

Riot Blockchain, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

(in thousands, except for share and per share amounts)

 

Warrants

January 28,

2019

As of June 27,

2019

Dividend yield

0%

0%

Expected price volatility

111.6%

119.9%-120.5%

Risk free interest rate

2.58%

2.23%-2.58%

Expected term

5 years

4 years, 10 months

Schedule of Changes in Level 3 Liabilities Measured at Fair Value

The following table presents changes in Level 3 liabilities measured at fair value for the year ended December 31, 2019:

Convertible Notes

Warrant Liability

Issuance of senior secured convertible notes

$

6,330

$

 

Issuance of warrants in connection with convertible notes

2,570

 

Balance at January 28, 2019

6,330

2,570

 

Change in fair value

3,896

2,869

 

Conversion of convertible notes to common stock

(10,226

)

 

Reclassification of warrant liability to equity

(5,439

)

Balance at December 31, 2019

$

$