FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

FAIR VALUE MEASUREMENTS [Abstract]

Gross Holding Losses and Fair Value of Held-to-Maturity Securities

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. The gross holding gains (loss) and fair value of held-to-maturity securities at December 31, 2020 are as follows:

	Held-To-Maturity	Level		Amortized Cost		Gross Holding Gains			Fair Value
June 30, 2021	Liquid Treasury Money Market Fund		1	$	301,653,483	$	0		$	301,653,483
December 31, 2020	U.S. Treasury Securities (Matured on 01/07/2021) (1)		1	$	301,328,657	$	(2,966	)	$	301,325,691

⁽¹⁾ The Company notes that the U.S. Treasury Securities were reinvested with the funds from the previously matured securities

Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at June 30, 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		June 30, 2021		December 31, 2020
Liabilities:
Warrant Liability – Public Warrants		1	$	13,650,000	$	19,500,000
Warrant Liability – Private Placement Warrants		3	$	7,280,000	$	17,200,000

Level 3 Fair Value Measurements of Warrant Liability

The following table presents the quantitative information regarding Level 3 fair value measurements of the warrant liability:

	June 30, 2021			December 31, 2020
Exercise price	$	11.50		$	11.50
Stock price	$	9.95		$	10.26
Volatility		18.0	%		26.6	%
Term		5.00			5.00
Risk-free rate		0.63	%		0.42	%
Dividend yield		0.0	%		0.0	%

Changes in Fair Value of Level 3 Warrant Liabilities

The following table presents the changes in the fair value of Level 3 warrant liabilities:

	Private Placement
Fair value as of January 1, 2021		17,200,000
Change in fair value		(9,920,000	)
Fair value as of June 30, 2021	$	7,280,000

	Private Placement		Public			Warrant Liabilities
Fair value as of January 1, 2020		3,920,000		7,350,000			11,270,000
Transfer to Level 1		—		(7,350,000	)		(7,350,000	)
Change in valuation inputs or other assumptions		3,920,000		—			400,000
Fair value as of June 30, 2020	$	7,840,000	$	—		$	7,840,000