Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Summary of 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 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. As of December 31, 2020, there were no assets or liabilities that are measured at fair value on a recurring basis.

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - money market funds	$	250,000,869	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public warrants	$	—	$	—	$	5,150,000
Derivative warrant liabilities - Private placement warrants	$	—	$	—	$	5,493,330

Summary of fair value measurements inputs

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

	March 9, 2021			March 31, 2021
Exercise price	$	11.50		$	11.50
Unit price	$	10.07		$	10.08
Volatility		17.0	%		14.5	%
Term (years)		6.0			5.9
Risk-free rate		1.03	%		1.15	%

Summary of change in the fair value of derivative warrant liabilities

 The change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs, for the three months ended March 31, 2021 is summarized as follows:

Derivative warrant liabilities at January 1, 2021	$	—
Issuance of Public and Private Warrants		12,503,330
Change in fair value of derivative warrant liabilities		(1,860,000	)
Derivative warrant liabilities at March 31, 2021	$	10,643,330