Perimeter Solutions, SA Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Liabilities Measured at Fair Value on Recurring Basis

The following tables set forth the Company’ liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy (in thousands):


	September 30, 2021
	Level 1		Level 2		Level 3		Fair Value
Liabilities:		—		—	$	2,952	$	2,952
LaderaTech contingent earnout included in accrued expenses and other current liabilities		—		—	$	19,627	$	19,627
LaderaTech contingent earnout included in other liabilities, non-current		—		—	$	22,579	$	22,579


	December 31, 2020
	Level 1		Level 2		Level 3		Fair Value
Liabilities:
LaderaTech contingent earnout included in other liabilities, non-current		—		—	$	19,816	$	19,816

Derivative instruments measured at fair value on a recurring basis

A roll forward of Level 3 liabilities measured at fair value on a recurring basis is as follows (in thousands):


	Nine Months Ended September 30,
	2021		2020
Balance, at beginning of period	$	19,816	$	—
Acquired		—		19,816
Total losses included in earnings (1)		2,763		—
Balance, at end of period	$	22,579	$	19,816

(1)

There were no material adjustments to the Company’s estimated fair value of contingent consideration as of September 30, 2020 as post-acquisition activity remained in line with the Company’s initial projections for developing the technology and progressing the product’s registration on the QPL.