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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Measurements  
Schedule of Company's assets that are measured at fair value on a recurring basis

    

Quoted Prices in

    

Significant Other

    

Significant Other

Active Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Assets

Assets held in Trust Account:

 

  

 

  

 

  

U.S. Treasury securities

$

230,253,395

$

$

Cash equivalents - money market funds

754

$

230,254,149

$

$

Liabilities

Derivative warrant liabilities -Public Warrants

$

11,212,500

$

$

Derivative warrant liabilities -Private Warrants

$

$

$

7,578,670

Schedule of provides quantitative information regarding Level 3 fair value measurements inputs

    

As of March 13, 2020

    

As of December 31, 2020

 

Stock Price

$

9.71

$

10.80

Volatility

 

18.2

%  

 

24.0

%

Expected life of the options to convert

 

6.55

 

5.75

Risk-free rate

 

0.85

%  

 

0.47

%

Dividend yield

 

0.0

%  

 

0.0

%

Summary of change in the fair value of the derivative warrant liabilities measured with Level 3 inputs

Level 3 derivative warrant liabilities as of January 1, 2020

    

$

Issuance of Public and Private Warrants

 

11,207,500

Transfer of Public Warrants to Level 1

 

(6,957,500)

Change in fair value of derivative warrant liabilities

 

3,328,670

Level 3 derivative warrant liabilities as of December 31, 2020

$

7,578,670