Fair Value Measurements (Tables)

4 Months Ended

6 Months Ended

Dec. 31, 2020

Jun. 30, 2021

Fair Value Measurements

Schedule of company?s financial assets and liabilities that are measured at fair value on a recurring basis

			Significant		Significant
	Quoted Prices		Other		Other
	in Active		Observable		Unobservable
	Markets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)
Investments held in Trust Account:
U.S. Treasury Securities(1)	$	344,931,000	$	—	$	—
Derivative warrant liabilities:
Private placement warrants					$	16,236,000
Public warrants					$	26,047,500

(1) Excludes $79,316 of investments in an open-ended money market fund, in which the Company uses NAV as a practical expedient to fair value.

	Fair Value Measured as of  June 30, 2021
		Level 1		Level 2		Level 3
Liabilities:
Derivative warrant liabilities - Public warrants	$	31,050,000	$	—	$	—
Derivative warrant liabilities - Private placement warrants		—		—		20,394,000
Total fair value	$	376,097,393	$	—	$	20,394,000

	Fair Value Measured as of December 31, 2020
	Level 1		Level 2		Level 3
Assets
Investments held in Trust Account – U.S. Treasury Securities (1)	$	344,931,000	$	—	$	—
Liabilities:
Derivative warrant liabilities – Public warrants		—		—		26,047,500
Derivative warrant liabilities – Private placement warrants		—		—		16,236,000
Total fair value	$	344,931,000	$	—	$	42,283,500

Schedule of quantitative information regarding Level 3 fair value measurements

	As of		As of
	November 30, 2020		December 31, 2020
Stock Price	$9.33 – $10.00		$9.91 – $10.80
Option term (in years)	5.00		5.00
Volatility	25	%	25	%
Risk-free interest rate	0.36% – 0.45	%	0.36% – 0.44	%
Dividend yield	0	%	0	%
Business combination probability	70	%	85	%

	As of			As of
	June 30,			December 31,
	2021			2021
Stock Price		9.99		$	9.91-$10.80
Option term (in years)		5.00			5.00
Volatility		28	%		27.5	%
Risk-free interest rate		0.87	%		0.36%-0.44	%
Dividend yield		0	%		0	%
Business combination probability		100	%		85	%

Schedule of change in the fair value of the derivative warrant liabilities

Derivative warrant liabilities as of November 30, 2020	$	26,115,000
Change in fair value of derivative warrant liabilities		16,168,500
Derivative warrant liabilities as of December 31, 2020	$	42,283,500

Derivative warrant liabilities as of January 1, 2021	$	42,283,500
Transfer of Public Warrants from Level 3		(26,047,500)
Change in fair value of derivative warrant liabilities		4,653,000
Derivative warrant liabilities as of March 31, 2021	$	20,889,000
Change in fair value of derivative warrant liabilities		(495,000)
Derivative warrant liabilities as of June 30, 2021	$	20,394,000