SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Common Stock Subject to Possible Redemption

At December 31, 2020, the Class A common stock reflected in the balance sheet are reconciled in the following table.

Gross proceeds	$	207,098,940
Less:
Proceeds allocated to Public Warrants		(7,613,646	)
Class A common stock issuance costs		(11,374,600	)
Plus:
Accretion of carrying value to redemption value		18,988,246
Class A common stock subject to possible redemption	$	207,098,940

Basic and Diluted Net Loss Per Common Share

The following table reflects the restated calculation of basic and diluted net loss per common share (in dollars, except per share amounts):

	For The Period Ended August 20, 2020 (inception) through December 31, 2020
	Class A			Class B
Basic and diluted net loss per common share
Numerator:
Allocation of net loss	$	(8,950,276	)	$	(3,924,077	)
Denominator:
Basic and diluted weighted average shares outstanding		10,766,505			4,720,367
Basic and diluted net loss per common share	$	(0.83	)	$	(0.83	)