Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of information about the Company's assets that are measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

Description

 

Level

 

2021

 

2020

Assets:

    

  

 

 

 

    

 

  

Marketable securities held in Trust Account

 

 1

 

$

239,840,428

 

$

239,795,125

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Warrant Liability – Public Warrants

 

 1

 

 

11,347,992

 

 

8,471,037

Warrant Liability – Private Placement Warrants

 

 3

 

 

6,432,529

 

 

4,801,747

 

Schedule of quantitative information regarding Level 3 fair value measurements inputs as their measurement dates

 

 

 

 

 

 

 

 

 

 

March 31, 

    

December 31, 

 

Input

    

2021

    

2020

 

Risk-free interest rate

 

 

1.01

%  

 

0.43

%

Expected term (years)

 

 

5.42

 

 

5.49

 

Expected volatility

 

 

25.0

%  

 

20.0

%

Exercise price

 

$

11.50

 

$

11.50

 

Fair value of Units

 

$

10.01

 

$

9.97

 

Probability of Acquisition

 

 

95

%  

 

85

%

 

Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis.

 

 

 

 

 

 

 

 

 

 

 

Private 

 

 

 

 

Warrant

 

    

Placement

    

Public

 

 Liabilities

Fair value as of January 1, 2021

 

$

4,801,747

 

$

8,471,037

 

$

13,272,784

Change in valuation inputs or other assumptions

 

 

1,630,782

 

 

2,876,955

 

 

4,507,737

Fair value as of March 31, 2021

 

$

6,432,529

 

$

11,347,992

 

$

17,780,521