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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2021
Fair Value Measurements [Abstract]  
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 as of March 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

Description
 
Quoted Prices
in Active Markets
(Level 1)
  
Significant Other
Observable Inputs
(Level 2)
  
Significant Other
Unobservable Inputs
(Level 3)
  
Total
 
Assets:
            
Assets held in Trust Account U.S. Treasury Securities
 
$
250,001,781
  
$
—
  
$
—
  
$
250,001,781
 
Liabilities:
                
Warrant liability
 
$
5,750,000
  
$
138,000
  
$
—
  
$
5,888,000
 
FPS liability
 
$
—
  
$
—
  
$
2,052,035
  
$
2,052,035
 
Level 3 Fair Value Measurement Inputs
The following table provides quantitative information regarding Level 3 fair value measurements:

  
February 2,
2021
 
Risk-free interest rate
  
0.61
%
Expected term (years)
  
5
 
Expected volatility
  
17.5
%
Exercise price
 
$
11.50
 
Stock price
 
$
10.00
 
Dividend yield
  
0.0
%
Changes in Fair Value of Warrant Liabilities
The following table presents the changes in the fair value of warrant liability:

  
Private Placement
  
Public
  
Warrant Liability
 
Fair value as of February 2, 2021
 
$
242,560
  
$
10,106,666
  
$
10,349,226
 
Change in valuation inputs or other assumptions(1)(2)
  
(104,560
)
  
(4,356,666
)
  
(4,461,226
)
Fair value as of March 31, 2021
 
$
138,000
  
$
5,750,000
  
$
5,888,000
 

(1)
Changes in valuation inputs or other assumptions are recognized in change in fair value of warrant liability in the  statement of operations.​
(2)
Due to the use of quoted prices in an active market (Level 1) and the use of observable inputs for similar assets or liabilities (Level 2) for Public Warrants and Private Placement Warrants, respectively, subsequent to initial measurement, the Company had transfers out of Level 3 totaling $54.9 million during the three months ended March 31, 2021.
Changes in Fair Value of FPS Liability
The following table presents a summary of the changes in the fair value of the FPS liability, a Level 3 liability, measured on a recurring basis.

​
 
FPS Liability
 
Fair value as of February 2, 2021
 
$
2,667,992
 
Change in valuation inputs or other assumptions(1)
  
(615,957
)
Fair value as of March 31, 2021
 
$
2,052,035
 


(1)
Changes in valuation inputs or other assumptions are recognized in change in fair value of FPS liability in the statement of operations.​