Quarterly report pursuant to Section 13 or 15(d)

Description of Organization, Business Operations and Basis of Presentation (Details)

v3.20.2
Description of Organization, Business Operations and Basis of Presentation (Details) - USD ($)
1 Months Ended
Oct. 26, 2020
Sep. 30, 2020
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Minimum percentage of trust account required for business combination   80.00%
Business acquisition percentage of voting interests   50.00%
Business Combination, Reason for Business Combination   The Company will provide the holders (the “Public Stockholders”) of the Company’s Public Shares with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. Unless otherwise stated herein, the term “Public Shares” includes the 2,500 shares of Class A common stock, par value $0.0001 per share, of the Company held by the Sponsor and forming part of the Sponsor Shares. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held in the Trust Account (initially anticipated to be $10.00 per Public Share). The per-share amount to be distributed to Public Stockholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 5). These Public Shares will be recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” The Company will proceed with a Business Combination if a majority of the shares voted are voted in favor of the Business Combination.
Net tangible assets of business combination   $ 5,000,001
Percentage of restricted redeeming shares   20.00%
Dissolution expenses   $ 100,000
Redeem public shares, percentage   100.00%
Transaction agreement, description   The underwriters agreed to waive their rights to the deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and subsequently liquidates and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares and Sponsor Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.00. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party (except for the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a letter of intent, confidentiality or other similar agreement or business combination agreement (a “Target”), reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share or Class A Unit of Opco not held by Rice and (ii) the actual amount per Public Share or Class A Unit of Opco not held by Rice held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share or Class A Unit of Opco not held by Rice due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or Target that executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable), nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).
Working capital deficit   $ 389,000
Notes payable   44,000
Net proceeds from private placement   $ 2,400,000
Sponsor [Member]    
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Share price (in Dollars per share)   $ 10.00
Payments for purchase of shares   $ 26,000
Over-Allotment Option [Member]    
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Number of units consummated in initial public offering (in Shares) 2,225,000  
Share price (in Dollars per share) $ 10.00  
Total gross proceeds initial public offering $ 237,300,000  
Over-Allotment Option [Member] | Subsequent Event [Member]    
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Number of units consummated in initial public offering (in Shares) 2,225,000  
Private Placement [Member]    
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Share price (in Dollars per share)   $ 1.00
Consummated the initial public offering (in Shares)   6,771,000
Gross proceeds   $ 6,800,000
IPO [Member]    
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Net proceeds of the sale of the units   $ 237,300,000
IPO [Member] | Subsequent Event [Member]    
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]    
Number of units consummated in initial public offering (in Shares) 23,725,000  
Share price (in Dollars per share) $ 10.00  
Total gross proceeds initial public offering $ 237,300,000  
Offering costs 12,500,000  
Deferred underwriting commissions $ 7,600,000