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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS [Abstract]  
Gross Holding Gain (Loss) and Fair Value of Held-to-Maturity Securities

The following table presents the gross holding gain and loss and fair value of held-to-maturity securities at December 31, 2021 and 2020:

 
Held-To-Maturity
  
Level
    
Amortized
Cost
    
Gross
Holding
Gain/(Loss)
    
Fair
Value (i)
  
 
December 31, 2021
U.S. Treasury Securities
(Mature on 1/25/2022)
    
1
    
$
284,373,197
    
$
959
    
$
284,374,156
  
                                   
 
December 31, 2020
U.S. Treasury Securities
(Mature on 2/25/2021)
    
1
    
$
278,773,543
    
$
(1,423
)
  
$
278,772,120
  

 
(i)
Fair value of securities does not include cash held in trust in the amount of $6,579 and $1,103, as of December 31, 2021 and 2020, respectively.
Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2021 and 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

   
Level
    
December 31,
2021
    
Level
    
December 31,
2020
  
Warrant liability – Public Warrants
    
1
    
$
9,798,000
      
3
    
$
22,364,221
  
Warrant liability – Private Placement Warrants
    
3
    
$
11,422,018
      
3
    
$
16,867,946
  
FPA liability – committed
    
3
    
$
2,474,941
      
3
    
$
2,947,167
  
FPA liability – optional
    
3
    
$
2,533,104
      
3
    
$
3,810,610
  
Level 3 Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurement inputs at their measurement dates:

   
As of
December 31, 2021
    
As of
December 31, 2020
  
Warrants- Private Placement
            
Common share price
  
$
10.13
    
$
9.77
  
Volatility
    
10.20
%
    
22.59
%
Expected life of the options to convert
  
5.45 years
    
5.95 years
  
Risk free rate
    
1.30
%
    
0.50
%
Dividend yield
    
0
%
    
0
%
                 
FPA-committed
                
Common share price
  
$
10.13
    
$
9.77
  
Time to maturity
  
0.45 year
    
0.95 year
  
Risk Free rate
    
0.17
%
    
0.10
%
                 
FPA-optional
                
Common share price
  
$
10.13
    
$
9.77
  
Volatility
    
5.0
%
    
10
%
Time to maturity
  
0.45 year
    
0.95 year
  
Risk Free rate
    
0.17
%
    
0.10
%
Changes in Fair Value of Warrants and FPA Liabilities

The following table presents the changes in the fair value of the Warrants and the FPA liabilities:

   
Public
Warrants
    
Private
Placement
Warrants
    
Total
Warrant
Liabilities
    
Committed
FPA
    
Optional
FPA
    
Total FPA
Liabilities
  
Fair value as of July 27, 2020 (inception)
   $
 —     $
—     $
—     $
—     $
—     $
—  
Initial measurement on November 27, 2020     15,897,248       11,926,600       27,823,848       904,970       2,494,505       3,399,475  
Change in fair value     6,466,973       4,941,346       11,408,319       2,042,197       1,316,105       3,358,302  
Fair value as of December 31, 2020
  
 
22,364,221
    
$
16,867,946
    
$
39,232,167
    
$
2,947,167
    
$
3,810,610
    
$
6,757,777
  
Additional Private Placement Warrants May 27, 2021
    
—
      
2,680,452
      
2,680,452
      
—
      
—
      
—
  
Additional Private Placement Warrants November 27, 2021
    
—
      
2,428,804
      
2,428,804
      
—
      
—
      
—
  
Change in fair value
    
(12,566,221
)
    
(10,555,184
)
    
(23,121,405
)
    
(472,226
)
    
(1,277,506
)
    
(1,749,732
)
Fair value as of December 31, 2021
  
$
9,798,000
    
$
11,422,018
    
$
21,220,018
    
$
2,474,941
    
$
2,533,104
    
$
5,008,045