Schedule of information about the Company's assets that are measured at fair value on a recurring basis |
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March 31,
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December 31,
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Description
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Level
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2021
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2020
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Assets:
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Marketable securities held in Trust Account
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1
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$
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239,840,428
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$
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239,795,125
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Liabilities:
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Warrant Liability – Public Warrants
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1
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11,347,992
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8,471,037
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Warrant Liability – Private Placement Warrants
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3
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6,432,529
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4,801,747
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December 31,
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Description
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|
Level
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2020
|
Assets:
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|
|
|
|
|
Marketable securities held in Trust Account
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|
1
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|
$
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239,795,125
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|
|
|
|
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Liabilities:
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|
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Warrant Liability – Public Warrants
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1
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$
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8,471,037
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Warrant Liability – Private Placement Warrants
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3
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$
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4,801,747
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Schedule of quantitative information regarding Level 3 fair value measurements inputs as their measurement dates |
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March 31,
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December 31,
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Input
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2021
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2020
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Risk-free interest rate
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1.01
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%
|
|
0.43
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%
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Expected term (years)
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|
|
5.42
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|
|
5.49
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Expected volatility
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25.0
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%
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20.0
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%
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Exercise price
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$
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11.50
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$
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11.50
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Fair value of Units
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$
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10.01
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$
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9.97
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Probability of Acquisition
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|
95
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%
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85
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%
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September 25, 2020
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September 30,
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December 31,
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Input
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(Initial Measurement)
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2020
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2020
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Risk-free interest rate
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0.4
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%
|
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0.4
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%
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0.4
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%
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Expected term (years)
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1
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1
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1
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Expected volatility
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20.0
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%
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20.0
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%
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20.0
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%
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Exercise price
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$
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11.50
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$
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11.50
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$
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11.50
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Fair value of Units
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$
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10.60
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$
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10.60
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$
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10.60
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Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis. |
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Private
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Warrant
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Placement
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Public
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Liabilities
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Fair value as of January 1, 2021
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$
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4,801,747
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$
|
8,471,037
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$
|
13,272,784
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Change in valuation inputs or other assumptions
|
|
|
1,630,782
|
|
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2,876,955
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|
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4,507,737
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Fair value as of March 31, 2021
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$
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6,432,529
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$
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11,347,992
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$
|
17,780,521
|
|
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Private Placement
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Public
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Warrant Liabilities
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Fair value as of July 7, 2020
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$
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—
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$
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—
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$
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—
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Initial measurement on September 25, 2020
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|
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5,009,333
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|
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8,670,000
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|
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13,679,333
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Change in valuation inputs or other assumptions
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|
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(207,586)
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|
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(198,963)
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(406,549)
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Fair value as of December 31, 2020
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$
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4,801,747
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$
|
8,471,037
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$
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13,272,784
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|