FAIR VALUE MEASUREMENTS (Tables)

7 Months Ended

Dec. 31, 2020

FAIR VALUE MEASUREMENTS

Summary of assets and liabilities measured at fair value

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

		December 31,
	Level	2020
Assets:
Cash and cash equivalents held in Trust Account – U.S. Treasury Securities Money Market Fund	1	$	115,002,152
Liabilities:
Warrant Liability - Public Warrants	1	$	4,370,000
Warrant Liability - Private Placement Warrants	3	$	155,250

Schedule of initial measurement of key inputs for Private Placement Warrants and Public Warrants

The key inputs into the binomial lattice simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement, September 30, 2020 and December 31, 2020 (Private Warrants only):

	September 9,
	2020 (Initial			September 30,			December 31,
Input	Measurement)			2020			2020
Risk-free interest rate		0.34	%		0.34	%		0.34	%
Trading days per year		252			252			252
Expected volatility		27.0	%		27.0	%		27.0	%
Exercise price	$	11.50		$	11.50		$	11.50
Stock Price	$	10.00		$	10.00		$	10.00

Schedule of changes in fair value of warrant liabilities

The following table presents the changes in the fair value of warrant liabilities:

	Private Placement		Public		Warrant Liabilities
Fair value as of June 10, 2020 (inception)	$	—	$	—	$	—
Initial measurement on September 9, 2020		48,600		1,380,000		1,428,600
Change in valuation inputs or other assumptions		106,650		2,990,000		3,096,650
Fair value as of December 31, 2020	$	155,250	$	4,370,000	$	4,525,250