Trust Account and Fair Value Measurements

12 Months Ended

Dec. 31, 2020

Assets Held-in-trust [Abstract]

Trust Account and Fair Value Measurements

Note 6—Trust Account and Fair Value Measurements

As of December 31, 2020, investment securities in the Company’s Trust Account consisted of a treasury securities fund in the amount of $277,845,876 which was held as money market funds. The following table presents fair value information as of December 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	$	277,845,876	$	277,845,876	$	—	$	—

The Company recognizes transfers between levels in the fair value hierarchy at the end of the reporting period. There were no transfers between fair value levels for the year ended December 31, 2020 and for the period from September 9, 2019 (inception) through December 31, 2019.