XML 37 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value measured on recurring basis
      As of December 31, 
Description  Level  2020   2019 
Assets:           
Marketable securities held in Trust Account  1  $291,797,144   $290,594,540 
              
Liabilities:             
Warrant Liability – Public Warrants  1   41,400,000    11,500,000 
Warrant Liability – Private Placement Warrants  2   22,400,000    5,670,000 
Schedule of monte carlo simulation model for the private placement warrants and public warrants
Input  December 31,
2020
   December 31,
2019
 
Risk-free interest rate   0.41%   1.73%
Trading days per year   250    250 
Expected volatility   16.0%   5.0%
Exercise price  $11.50   $11.50 
Stock Price  $11.00   $9.95 
Schedule of changes in the fair value of warrant liabilities
   Private Placement   Public   Warrant Liabilities 
Fair value as of December 31, 2018  $   $   $ 
Initial measurement on May 23, 2019   7,280,000    14,375,000    21,655,000 
Change in valuation inputs or other assumptions   (1,610,000)   (2,875,000)   (4,485,000)
Fair value as of December 31, 2019   5,670,000    11,500,000    17,170,000 
Change in valuation inputs or other assumptions   16,730,000    29,900,000    46,630,000 
Fair value as of December 31, 2020  $22,400,000   $41,400,000   $63,800,000