Trust Account and Fair Value Measurements

3 Months Ended

Mar. 31, 2020

Assets Held In Trust Abstract

Trust Account and Fair Value Measurements

Note 6—Trust Account and Fair Value Measurements

As of March 31, 2020, investment securities in the Company’s Trust Account consisted of a treasury securities fund in the amount of $277,762,621 which was held as money market funds. The following table presents fair value information as of March 31, 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. Since all of the Company’s permitted investments consist of treasury securities fund, fair values of its investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows:

	Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Investments held in Trust Account – U.S. Treasury Securities Money Market Fund	$	277,762,621	$	277,762,621	$	—	$	—