Mirion Technologies, Inc. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary Of Assets And Laibilities Measured At Fair Value

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020 by level within the fair value hierarchy:


	June 30, 2021		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Money market funds held in Trust Account	$	750,085,956	$	750,085,956	$	—	$	—

Liabilities:
Warrant Liability – Public Warrants	$	41,250,000	$	41,250,000	$	—	$	—

Warrant Liability – Private Placement Warrants	$	21,194,049	$	—	$	—	$	21,194,049


Description	December 31, 2020		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Money market funds held in Trust Account	$	750,063,158	$	750,063,158	$	—	$	—

Liabilities:
Warrant Liability – Public Warrants	$	48,000,000	$	48,000,000	$	—	$	—

Warrant Liability – Private Placement Warrants	$	23,676,615	$	—	$	—	$	23,676,615

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2020 by level within the fair value hierarchy:


Description	December 31, 2020		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Money market fund held in Trust Account	$	750,063,158	$	750,063,158	$	—	$	—

Liabilities:
Warrant Liability—Public Warrants	$	48,000,000	$	48,000,000	$	—	$	—

Warrant Liability—Private Placement Warrants	$	23,676,615	$	—	$	—	$	23,676,615

Summary Of Quantitative Information Regarding Fair Value Measurements

The following table provides quantitative information regarding Level 3 fair value measurements inputs:


	As of June 30, 2021			As of December 31, 2020
Stock price	$	10.40		$	10.90
Strike Price	$	11.50		$	11.50
Term (in years)		5.50			5.75
Volatility		28.00	%		28.30	%
Risk-free interest rate		0.96	%		0.47	%
Dividend yield		0.00	%		0.00	%
Fair value	$	2.49		$	2.79

The following table provides quantitative information regarding Level 3 fair value measurements inputs:


	As of July 2, 2020						As of December 31, 2020
	Public Warrants			Private Warrants			Private Warrants
Stock price	$	10.54		$	10.54		$	10.90
Strike Price	$	11.50		$	11.50		$	11.50
Term (in years)		6			6			5.75
Volitility		10 - 20	%		10 - 18	%		28.30	%
Risk-free rate		0.40	%		0.40	%		0.47	%
Dividend yield		0.00	%		0.00	%		0.00	%

Summary Of Reconciliation Of Warrant Liabilities Measured At Fair Value

The change in the fair value of the warrants measured with Level 3 inputs for the six months ended June 30, 2021 is summarized as follows:


Value of warrant liability measured with Level 3 inputs at December 31, 2020	$	23,676,615
Change in fair value of warrant liability measured with Level 3 inputs		(2,482,566	)
Transfer in/out		—

Value of warrant liability measured with Level 3 inputs at June 30, 2021	$	21,194,049

The change in the fair value of the Warrants measured with Level 3 inputs for the period from July 2, 2020 (Initial Measurement) through December 31, 2020 is summarized as follows:


Issuance of Public and Private Warrants with Level 3 measurements	$	28,537,364
Change in fair value of warrant liability measured with Level 3 inputs		14,726,289
Transfer of Public Warrants to Level 1 measurements		(19,587,038	)

Warrants liability at December 31, 2020 measured utilizing Level 3 inputs	$	23,676,615