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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of company's assets and liabilities that are measured at fair value on a recurring basis

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

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Fair Value Measured as of December 31, 2020

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Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

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​

  

 

​

  

 

​

  

Investments held in Trust Account

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$

414,020,525

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$

—

​

$

—

​

$

414,020,525

Liabilities:

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​

 

  

​

 

  

​

 

  

Derivative liabilities (Restated)

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$

—

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$

—

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$

40,532,280

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$

40,532,280

Schedule of quantitative information regarding Level 3 fair value measurements inputs

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

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As of

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As of

 

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December 15,

​

December 31, 

 

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2020

    

2020

 

Share price

​

$

9.81

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$

10.02

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Exercise price

​

$

11.50

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$

11.50

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Term (in years)

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6.00

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6.00

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Volatility

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20.50

%  

 

21.00

%

Risk-free interest rate

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0.51

%  

 

0.50

%

Expected dividends

​

 

0.00

%  

 

0.00

%

Schedule of change in the fair value of the derivative liabilities

A reconciliation of the beginning and ending balances of the derivative assets and liabilities is summarized below:

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Beginning of period

    

$

—

Acquisition date fair value of derivative liabilities:

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Public warrants issued in the initial public offering

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19,458,000

Private placement warrants issued in connection with the initial public offering (1)

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10,415,200

Forward Purchase Agreement liability (2)

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4,045,920

Total acquisition date fair value of derivative liabilities

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33,919,120

Change in fair value of warrant liabilities - Public

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1,932,000

Change in fair value of warrant liabilities - Private

​

 

1,034,130

Change in fair value of forward purchase agreement

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3,647,030

End of period

​

$

40,532,280

The change in the fair value of derivative liabilities measured using Level 3 inputs for the period from September 28, 2020 (inception) through December 31, 2020 is summarized as follows:

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Level 3 derivative liabilities at December 15, 2020

    

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Issuance of Public, Private Warrants

​

$

29,873,200

Change in fair value of derivative liabilities

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10,659,080

Level 3 derivative liabilities at December 31, 2020

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$

40,532,280