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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS [Abstract]  
Gross Holding Losses and Fair Value of Held-to-Maturity Securities
The gross holding gains and fair value of held-to-maturity securities at December 31, 2020 and 2019 are as follows:

Held-To-Maturity
 
Level
  
Amortized
Cost
  
Gross
Holding
Loss
  
Fair Value
 
U.S. Treasury Securities (Mature on December 31, 2020 2/18/2021)
  
1
  
$
301,328,657
  
$
(2,966
)
 
$
301,325,691
 
U.S. Treasury Securities (Matured on December 31, 2019 5/21/2020)
  
1
  
$
299,426,589
  
$
(9,722
)
 
$
299,416,867
 
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 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
  
September 30,
2020
  
June 30,
2020
  
March 31,
2020
  
December 31,
2019
  
November 26,
2019
 
Liabilities:
                     
Warrant Liability–Public Warrants
  
1
  
$
19,500,000
  
$
16,950,000
  
$
14,700,000
  
$
8,100,000
  
$
7,350,000
  
$
10,950,000
 
Warrant Liability–Private Placement Warrants
  
3
  
$
17,200,000
  
$
9,040,000
  
$
7,840,000
  
$
4,320,000
  
$
3,920,000
  
$
5,840,000
 
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:


 
December 31, 2020
  
September 30, 2020
  
June 30, 2020
  
March 31, 2020
  
December 31, 2019
  
November 26, 2019
 
Exercise price
 
$
11.50
  
$
11.50
  
$
11.50
  
$
11.50
  
$
11.50
  
$
11.50
 
Stock price
 
$
10.26
  
$
10.19
  
$
9.96
  
$
9.70
  
$
9.78
  
$
9.78
 
Volatility
  
26.60
%
  
18.30
%
  
17.20
%
  
11.90
%
  
8.70
%
  
12.2
%
Term
  
5.00
   
5.00
   
5.00
   
5.00
   
5.00
   
5.00
 
Risk-free rate
  
0.42
%
  
0.25
%
  
0.27
%
  
0.69
%
  
1.70
%
  
1.59
%
Dividend yield
  
0.00
%
  
0.00
%
  
0.00
%
  
0.00
%
  
0.00
%
  
0.00
%
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
  
Public
  
Warrant
Liabilities
 
Fair value as of July 31, 2019 (inception)
 
$
—
  
$
—
  
$
—
 
Initial measurement on November 26, 2019
  
5,840,000
   
10,950,000
   
16,790,000
 
Change in fair value
  
(1,920,000
)
  
(3,600,000
)
  
(5,520,000
)
Fair value as of December 31, 2019
  
3,920,000
   
7,350,000
   
11,270,000
 
Transfer to Level 1
  
—
   
(7,350,000
)
  
(7,350,000
)
Change in fair value
  
13,280,000
   
—
   
13,280,000
 
Fair value as of December 31, 2020
 
$
17,200,000
  
$
—
  
$
17,200,000