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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2021
FAIR VALUE MEASUREMENTS [Abstract]  
Gross Holding Gains and Fair Value of Held-To-Maturity Securities
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. The gross holding gains and fair value of held-to-maturity securities at March 31, 2021 and December 31, 2020 are as follows:
 
  
Held-To-Maturity
  
Level
  
Amortized
Cost
  
Gross
Holding
Gain
  
Fair Value
 
March 31, 2021
  
N/A
   
-
  
$
-
  
$
-
  
$
-
 
                     
December 31, 2020
 
U.S. Treasury Securities (Matured on 2/18/2021)
   
1
  
$
207,127,900
  
$
5,527
  
$
207,133,427
 
Liabilities Measured at Fair Value on Recurring Basis
The following table presents information about the Company’s assets and liabilities 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.

 Description
 
Level
  
March 31,
2021
  
December 31,
2020
 
Assets:
         
Cash and investments held in Trust Account
  
1
  $207,156,661  
$
207,128,528
 
Liabilities:
            
Warrant Liability – Public Warrants
  
1
  
$
8,076,857
  
$
14,704,023
 
Warrant Liability – Private Placement Warrants
  
3
  
$
4,966,405
  
$
9,186,354
 
Level 3 Fair Value Measurement Inputs
The following table provides quantitative information regarding Level 3 fair value measurements:
 
  
At
December 31,
2020
  
As of
March 31,
2021
 
Stock price
 
$
10.35
  
$
9.84
 
Strike price
 
$
11.50
  
$
11.50
 
Volatility
  
10.0
%
  
15.0
%
Risk-free rate
  
0.46
%
  
0.44
%
Time until Business Combination occurring (years)
  
0.66
   
0.53
 
Dividend yield
  
0.0
%
  
0.0
%
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 January 1, 2021
 
$
9,186,354
  
$
14,704,023
  
$
23,890,377
 
Change in valuation inputs or other assumptions
  
(4,219,949
)
  
(6,627,166
)
  
(10,847,115
)
Fair value as of March 31, 2021
 
$
4,966,405
  
$
8,076,857
  
$
13,043,262