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Recurring Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2021
Assets Held-in-trust [Abstract]  
Schedule of Recurring Fair Values Investments Quoted Price in Active Markets for identical Assets The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of June 30, 2021, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
    
Carrying
Value
     
Quoted Prices
in Active
Markets
(Level 1)
     
Significant
Other
Observable
Inputs
(Level 2)
     
Significant
Other
Unobservable
Inputs
(Level 3)
  
Assets:
                                    
Investments held in Trust Account – Money Market Fund
    $ 277,859,656      $ 277,859,656      $ —        $ —    
    
 
 
     
 
 
     
 
 
     
 
 
  
     $ 277,859,656      $ 277,859,656      $ —        $ —    
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Warrant Liabilities—Public Warrants
    $ 14,628,000      $ 14,628,000      —          —    
Warrant Liabilities—Private Warrants
    $ 8,347,200        —        —        $ 8,347,200  
     $ 22,975,200      $ 14,628,000      —        $ 8,347,200  
    
 
 
     
 
 
     
 
 
     
 
 
  
The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2020, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
    
Carrying
Value
     
Quoted Prices
in Active
Markets
(Level 1)
     
Significant
Other
Observable
Inputs
(Level 2)
     
Significant
Other
Unobservable
Inputs
(Level 3)
  
Assets:
                                    
Investments held in Trust Account – Money Market Fund
    $ 277,845,876      $ 277,845,876      $ —        $ —    
    
 
 
     
 
 
     
 
 
     
 
 
  
     $ 277,845,876      $ 277,845,876      $ —        $ —    
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Warrant Liabilities—Public Warrants
    $ 23,460,000      $ 23,460,000        —          —    
Warrant Liabilities—Private Warrants
    $ 13,160,000        —          —        $ 13,160,000  
     $ 36,620,000      $ 23,460,000        —        $ 13,160,000  
    
 
 
     
 
 
     
 
 
     
 
 
  
Summary of fair value measurements inputs
The key inputs into the Black Scholes Option Pricing Model for the Private Warrants were as follows at each of the following balance sheet dates:
 
Input
   
December 31, 2020
    
June 30, 2021
  
Risk-free interest rate
      0.47 %      0.99 % 
Expected term (years)
      5.00       5.00  
Expected volatility
      22.0 %      17.0 % 
Dividend yield
      0.0 %      0.0 % 
Exercise price
    $ 11.50     $ 11.50  
Asset Price
    $ 10.48     $ 9.91  
Summary of Change in Fair Value of Warrant Liabilities
The following table presents the changes in the fair value of warrant liabilities:
 
    
Private Warrants
     
Public Warrants
     
Warrant Liabilities
  
Fair value as of December 31, 2020
    $ 13,160,000      $ 23,460,000      $ 36,620,000  
Change in valuation inputs or other assumptions
      (4,812,800 )       (8,832,000 )       (12,428,400 ) 
    
 
 
     
 
 
     
 
 
  
Fair value as of June 30, 2021

    $ 8,347,200      $ 14,628,000      $ 22,975,200