Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended 5 Months Ended
Mar. 31, 2021
Dec. 31, 2020
FAIR VALUE MEASUREMENTS    
Schedule of assets and liabilities that are measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

    

Level

    

2021

    

2020

Assets:

 

  

 

 

  

 

 

  

Cash and marketable securities held in Trust Account

 

1

 

$

215,289,800

 

$

215,275,732

 

 

 

 

 

 

 

 

 

Liabilities:

 

  

 

 

  

 

 

  

Warrant Liability – Public Warrants

 

1

 

$

10,906,000

 

$

15,282,750

Warrant Liability – Private Placement Warrants

 

3

 

$

6,895,734

 

$

9,663,101

 

 

 

 

 

 

 

 

    

 

    

December 31, 

 

 

Level

 

2020

Assets:

 

  

 

 

  

Cash and marketable securities held in Trust Account

 

 1

 

$

215,275,732

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

Warrant Liabilities – Public Warrants

 

 1

 

$

15,282,749

Warrant Liabilities – Private Placement Warrants

 

 3

 

$

9,663,101

 

Schedule of changes in the fair value of warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

    

Private Placement

    

Public

    

Warrant Liabilities

Fair value as of January 1, 2021

 

$

9,663,101

 

$

15,282,750

 

$

24,945,850

 

 

 

 

 

 

 

 

 

 

Change in valuation inputs or other assumptions

 

 

(2,767,367)

 

 

(4,376,750)

 

 

(7,144,117)

Fair value as of March 31, 2021

 

$

6,895,734

 

$

10,906,000

 

$

17,801,733

 

 

 

 

 

 

 

 

 

 

 

 

    

Private 

    

 

 

    

Warrant 

 

 

Placement

 

Public

 

Liabilities

Fair value as of October 27, 2020

 

$

 —

 

$

 —

 

$

 —

Initial measurement on October 27, 2020 (IPO)

 

 

6,933,333

 

 

10,666,667

 

 

17,600,000

Measurement on November 9, 2020 (Over-Allotment)

 

 

325,334

 

 

813,333

 

 

1,138,667

Change in valuation inputs or other assumptions

 

 

2,404,434

 

 

3,802,749

 

 

6,207,183

Fair value as of December 31, 2020

 

$

9,663,101

 

$

15,282,749

 

$

24,945,850