Fair value measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value On 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 December 31, 2020 and, 2019, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level		December 31, 2020		December 31, 2019
Assets:
Marketable securities held in Trust Account		1	$	318,041,728	$	316,958,514
Liabilities:
Warrant Liability – Public Warrants		1		23,244,375		14,231,250
Warrant Liability – Private Placement Warrants		3		12,487,500		7,575,750

Summary of Binomial Lattice Model for the initial measurement of Public Warrants and Private Placement Warrants

The key inputs into the Binomial Lattice Model for the initial measurement of Public Warrants and Private Placement Warrants and subsequent measurement of the Private Place Warrants are as follows:

Input	November 5, 2019 (Initial Measurement)			December 31, 2019			March 31, 2020			June 30, 2020			September 30, 2020			December 31, 2020
Risk-free interest rate		1.66	%		1.76	%		0.45	%		0.35	%		0.32	%		0.38	%
Market price of public stock	$	9.69			9.78			9.72			10.05			10.19			10.47
Dividend Yield		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Implied volatility		10.7	%		13.8	%		14.4	%		17.9	%		22.1	%		21.8	%
Exercise price	$	11.50			11.50			11.50			11.50			11.50			11.50

Summary of Warrants

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

	Private Placement			Public			Warrant Liabilities
Fair value as of January 1, 2018		—			—			—
Initial measurement on November 5, 2019 (IPO)		4,650,000			8,387,500			13,037,500
Initial measurement on November 13, 2019 (over-allotment)		511,500			1,258,125			1,769,625
Change in valuation inputs or other assumptions		2,414,250			4,585,625			6,999,875
Fair value as of December 31, 2019		7,575,750			14,231,250			21,807,000
Change in valuation inputs or other assumptions		(1,914,750	)		(3,478,750	)		(5,393,000	)
Fair value as of March 31, 2020		5,661,000			10,752,500			16,413,500
Change in valuation inputs or other assumptions		3,163,500			5,850,625			9,014,125
Fair value as of June 30, 2020		8,824,500			16,603,125			25,427,625
Change in valuation inputs or other assumptions		3,080,250			5,534,375			8,614,625
Fair value as of September 30, 2020		11,904,750			22,137,500			34,042,250
Change in valuation inputs or other assumptions		582,750			1,106,875			1,689,625
Fair value as of December 31, 2020		12,487,500			23,244,375			35,731,875
Fair value as of January 1, 2018	$	—		$	—		$	—
Initial measurement on November 5, 2019		4,650,000			8,387,500			13,037,500
Initial measurement on November 13, 2019 (over-allotment)		511,500			1,258,125			1,769,625
Change in valuation inputs or other assumptions		2,414,250			4,585,625			6,999,875
Fair value as of December 31, 2019		7,575,750			14,231,250			21,807,000
Change in valuation inputs or other assumptions		4,911,750			9,013,125			13,924,875
Fair value as of December 31, 2020	$	12,487,500		$	23,244,375		$	35,731,875