Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Dec. 31, 2020
FAIR VALUE MEASUREMENTS    
Summary of financial assets that are measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Significant

 

Significant

 

 

Quoted Prices

 

Other

 

Other

 

 

in Active

 

Observable

 

Unobservable

 

 

Markets

 

Inputs

 

Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

 

 

 

 

 

 

 

 

 

Money market fund

 

$

215,096,106

 

$

 —

 

$

 —

Liabilities:

 

 

 

 

 

 

 

 

 

Derivative warrant liabilities - Public

 

$

14,297,500

 

$

 —

 

$

 —

Derivative warrant liabilities - Private

 

$

 —

 

$

 —

 

$

8,379,000

 


 

 

 

 

 

 

 

 

 

 

 

    

Quoted Prices in

    

Significant Other

    

Significant Other

 

 

 Active Markets

 

 Observable Inputs

 

 Unobservable Inputs  

Description

 

  (Level 1)

 

  (Level 2)

 

(Level 3)

Assets:

 

 

 

 

 

 

 

 

 

U.S Treasury bills maturing on February 18, 2021

 

$

215,076,225

 

$

 —

 

$

 —

Liabilities:

 

 

  

 

 

  

 

 

  

Derivative warrant liabilities - Public

 

$

11,287,500

 

$

 —

 

$

 —

Derivative warrant liabilities - Private

 

$

 —

 

$

 —

 

$

6,615,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

Significant Other

 

 

Active Markets

 

Observable Inputs

 

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

 

 

 

 

 

 

 

 

 

Investments held in Trust Account

 

$

215,076,225

 

$

 —

 

$

 —

Liabilities:

 

 

 

 

 

 

 

 

 

Derivative warrant liabilities - Public

 

$

11,287,500

 

$

 —

 

$

 —

Derivative warrant liabilities - Private

 

$

 —

 

$

 —

 

$

6,615,000

 

Schedule of financial liabilities subject to fair value measurements on a recurring basis

 

 

 

 

 

 

 

 

 

 

    

As of December 31, 2020

    

 

As of March 31, 2021

 

Volatility

 

 

25.8

%  

 

 

26.8

%

Stock price

 

$

10.77

 

 

$

11.59

 

Risk-free rate

 

 

0.43

%  

 

 

0.98

%

Dividend yield

 

 

0.0

%  

 

 

0.0

%

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

As of August 20, 2020

 

As of December 31, 2020

 

Volatility

 

 

45.0

%  

25.8

%  

Stock price

 

 

n/a

 

  $10.77

 

Risk-free rate

 

 

0.35

%  

0.43

%  

Dividend yield

 

 
0.0

%  
0.0

%  

 

Schedule of change in Level 3 fair value measurements

 

 

 

 

Level 3 - Derivative warrant liabilities at December 31, 2020

    

$

6,615,000

Change in fair value of derivative warrant liabilities

 

 

1,764,000

Level 3 - Derivative warrant liabilities at March 31, 2021

 

$

8,379,000

 

The change in the fair value of Level 3 fair value measurements for the period from June 24, 2020 (inception) through December 31, 2020 is summarized as follows:

 

 

 

 

 

Level 3 Derivative warrant liabilities at June 24, 2020 (inception)

    

$

 —

Issuance of Public and Private Warrants

 

 

16,197,500

Transfer to Level 1 measurement - Public Warrants

 

 

(10,212,500)

Change in fair value of derivative warrant liabilities

 

 

630,000

Level 3 Derivative warrant liabilities at December 31, 2020

 

$

6,615,000