Fair value measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value On Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level		March 31, 2021		December 31, 2020
Assets:
Marketable securities held in Trust Account		1	$	318,053,820	$	318,041,728
Liabilities:
Warrant Liability – Public Warrants		1		26,723,125		23,244,375
Warrant Liability – Private Placement Warrants		3		19,730,250		12,487,500

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	March 31, 2021			December 31, 2020
Risk-free interest rate		0.88	%		0.38	%
Market price of public stock	$	10.32		$	10.47
Dividend Yield		0.00	%		0.00	%
Implied volatility		23.8	%		21.8	%
Exercise price		11.50		$	11.50

Summary of Warrants

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

For the three month-period ended Mach 31, 2021	Private Placement		Public		Warrant Liabilities
Fair value as of January 1, 2021	$	12,487,500	$	23,244,375	$	35,731,875
Change in valuation inputs or other assumptions		7,242,750		3,478,750		10,721,500
Fair value as of December 31, 2020	$	19,730,250	$	26,723,125	$	46,453,375

For the three month-period ended Mach 31, 2020	Private Placement			Public			Warrant Liabilities
Fair value as of January 1, 2020	$	7,575,750		$	14,231,250		$	21,807,000
Change in valuation inputs or other assumptions		(1,914,750	)		(3,478,750	)		(5,393,500	)
Fair value as of March 31, 2020	$	5,661,000		$	10,752,500		$	16,413,500