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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS [Abstract]  
Gross Holding Gains and Fair Value of Held-To-Maturity Securities
The gross holding gains and fair value of held-to-maturity securities at December 31, 2020 are as follows:


Held-To-Maturity
 
Level
  
Amortized
Cost
  
Gross
Holding
Gain
  
Fair Value
 
December 31, 2020
U.S. Treasury Securities (Mature on 2/18/2021)
  
1
  
$
207,127,900
  
$
5,527
  
$
207,133,427
 
Assets and 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.

     
Level
    
December 31,
2020
  
Assets:
      
Cash and marketable securities held in Trust Account
  
1
  
$
207,128,528
 
         
Liabilities:
        
Warrant Liability – Public Warrants
  
1
  
$
14,704,023
 
Warrant Liability – Private Placement Warrants
  
3
  
$
9,186,354
 
Level 3 Fair Value Measurement Inputs
The following table provides quantitative information regarding Level 3 fair value measurements at October 23, 2020 (Initial Measurement) and December 31, 2020 (Private Placement Warrants only):

  
At
October 23,
2020 (Initial Measurement)
  
As of
December 31,
2020
 
Stock price
 
$
9.52
  
$
10.35
 
Strike price
 
$
11.50
  
$
11.50
 
Volatility
  
10.0
%
  
10.0
%
Risk-free rate
  
0.46
%
  
0.46
%
Time until Business Combination occurring (years)
  
0.75
   
0.66
 
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 August 20, 2020 (inception)
 
$
—
  
$
—
  
$
—
 
Initial measurement on October 23, 2020 (including overallotment)
  
4,586,011
   
7,613,646
   
12,199,657
 
Change in valuation inputs or other assumptions
  
4,600,343
   
7,090,377
   
11,690,720
 
Fair value as of December 31, 2020
 
$
9,186,354
  
$
14,704,023
  
$
23,890,377
 
Changes in Fair Value of Level 3 Warrant Liabilities
The following table presents the changes in the fair value of Level 3 warrant liabilities:

Fair value as of August 20, 2020
 
$
—
 
Initial measurement on October 23, 2020 (Initial Public Offering)
  
12,199,657
 
Transfer out of level 3
  
(14,704,023
)
Change in fair value
  
11,690,720
 
Fair value as of December 31, 2020
 
$
9,186,354