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Recurring Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Recurring Fair Value Measurements  
Summary of gross unrealized holding loss and fair value of held-to-maturity securities

Carrying

Amortization

Gross 

Fair Value

Value/Amortized

of Bond

Unrealized

as of

    

Cost

    

Discount

    

Gain

    

March 31, 2021

U.S. Money Market

$

182

$

$

$

182

U.S. Treasury Bills

8,319

8,319

Schedule of Company's financial assets and liabilities that were accounted for at fair value on a recurring basis

    

    

    

Carrying Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

Investments held in Trust Account – U.S. Treasury Bills

$

276,008,319

$

276,027,912

$

$

Liabilities:

Private Placement Warrants

$

3,962,133

$

3,962,133

Public Warrants

$

6,900,000

$

6,900,000

Schedule of key inputs

February 11, 2021

Input

    

(Initial Measurement)

    

March 31, 2021

Risk-free interest rate

0.46

%

0.92

%

Expected term (years)

5.0

 

5.0

Expected volatility

23.0

%

 

15.0

%

Acquisition probability

80

%

80

%

Exercise price

$

11.50

$

11.50

Schedule of changes in the fair value of warrant liabilities

Fair value at issuance February 11, 2021

    

$

18,028,933

Change in fair value

 

(7,166,800)

Fair Value at March 31, 2021

$

10,862,133