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Recurring Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary Of Company's assets and liabilities that were Measured at Fair Value on a Recurring Basis
At December 31, 2020, assets held in the Trust Account were comprised of $277,845,876 in money market funds. Through December 31, 2020, the Company did not withdraw any interest earned on the Trust Account.
 
    
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      $ —        $ —    
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 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
 
Initial measurement on February 13, 2020
   $ 10,452,800      $ 18,354,000      $ 28,806,800  
Change in valuation inputs or other assumptions
     2,707,200        5,106,000        7,813,200  
Fair value as of December 31, 2020
   $ 13,160,000      $ 23,460,000      $ 36,620,000  
    
 
 
    
 
 
    
 
 
 
Private Placement Warrant [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Fair Value Measurement Inputs and Valuation Techniques
The key inputs into the Black Scholes Option Pricing Model for the Private Warrants were as follows at initial measurement and each of the following balance sheet date:
 
Input
  
February 13, 2020
(Initial
Measurement)
   
March 31,
2020
   
June 30,
2020
   
September 30,
2020
   
December 31,
2020
 
Risk-free interest rate
     1.48     0.5     0.37     0.35     0.47
Expected term (years)
     5.00       5.00       5.00       5.00       5.00  
Expected volatility
     22.0     17     15.0     21.0     22
Dividend yield
     0.0     0.0     0.0     0.0     0.0
Exercise price
   $ 11.5     $ 11.5     $ 11.50     $ 11.50     $ 11.50  
Asset Price
   $ 9.48     $ 9.46     $ 9.82     $ 9.83     $ 10.48  
Public Warrants [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Fair Value Measurement Inputs and Valuation Techniques
The key inputs into the Monte Carlo Simulation Method for the Public Warrants were as follows at initial measurement and March 31, 2020:
 
Input
  
February 13, 2020
(Initial
Measurement)
   
March 31,
2020
 
Risk-free interest rate
     1.48     0.5
Expected term (years)
     5.00       5.00  
Expected volatility
     22.0     17.0
Dividend yield
     0.0     0.0
Exercise price
   $ 11.5     $ 11.5  
Asset Price
   $ 9.48     $ 9.46