Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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

 

 

 

 

 

 

 

 

 

 

 

 

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 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

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