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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 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 September 30, 2021 and 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 September 30, 2021 and December 31, 2020 are as follows:


 Held-To-Maturity  
Level
    
Amortized
Cost
    
Gross
Holding
Gains
    
Fair Value
  
September 30, 2021
Liquid Treasury Money Market Fund
    
1
    
$
301,660,344
    
$
0
    
$
301,660,344
  
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 September 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
    
September 30,
2021
    
December 31,
2020
  
Liabilities:
                  
Warrant Liability – Public Warrants
    
1
     $
8,250,000
     $
19,500,000
  
Warrant Liability – Private Placement Warrants
    
3
     $
4,400,000
     $
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:

   
September 30,
2021
    
December 31,
2020
  
Exercise price
  
$
11.50
    
$
11.50
  
Stock price
  
$
10.02
    
$
10.26
  
Volatility
    
13.2
%
    
26.6
%
Term
    
5.00
      
5.00
  
Risk-free rate
    
0.67
%
    
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:
 
​
  
2021
     2020
 
Fair value as of January 1
   
17,200,000
       11,270,000  
Change in fair value     (10,800,000 )     400,000  
Transfers to Level 1
     —       (7,350,000 )
Fair value as of March 31
    6,400,000       4,320,000  
Change in fair value     880,000       3,520,000  
Fair value as of June 30
    7,280,000       7,840,000  
Change in fair value
    
(2,880,000
)
     1,200,000  
Fair value as of September 30
 
$
4,400,000
     $ 9,040,000