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 Disclosures [Abstract]  
Schedule of fair value of the derivative warrant liabilities
Description   Quoted Prices in Active Markets
(Level 1)
    Significant Other Observable Inputs
(Level 2)
    Significant Other Unobservable Inputs
(Level 3)
 
Assets:                  
U.S. Treasury Bills   $ 230,007,795     $ -     $        -  
Liabilities:                        
Derivative warrant liabilities - Public   $ 6,440,000     $ -     $ -  
Derivative warrant liabilities - Private   $ -     $ 4,060,000     $ -  
Description   Quoted Prices in Active Markets
(Level 1)
    Significant Other Observable Inputs
(Level 2)
    Significant Other Unobservable Inputs
(Level 3)
 
Assets:                  
U.S. Treasury Bills   $ 230,007,668     $     -     $ -  
Liabilities:                        
Derivative warrant liabilities - Public   $ -     $ -     $ 11,883,330  
Derivative warrant liabilities - Private   $ -     $ -     $ 7,733,340  
Schedule of quantitative information regarding Level 3 fair value measurements inputs
    As of December 31, 2020     As of March 31, 2021  
Volatility     21.0 %     15.0 %
Stock price   $ 10.12     $ 9.79  
Expected life of the options to convert     6.00       6.00  
Risk-free rate     0.51 %     1.16 %
Dividend yield     0.0 %     0.0 %
Schedule of the derivative warrant liabilities
Derivative warrant liabilities at December 31, 2020   $ 19,616,670  
Transfer of Public Warrants out of Level 3     (11,883,330 )
Transfer of Private Warrants out of Level 3     (7,733,340 )
Total transfers during the the months ended March 31, 2021   $ 19,616,670