Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.4
Fair Value Measurements (Tables)
4 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
gross holding gains and fair value of held-to-maturity securities
    Fair Value Measured as of December 31, 2020  
    Level 1     Level 2     Level 3     Total  
Assets                        
Investments held in Trust Account - U.S. Treasury Securities   $ 237,307,717     $ -     $ -     $ 237,307,717  
Liabilities:                                
Warrant Liability - Public Warrants                     27,046,487       27,046,487  
Warrant Liability - Private Warrants     -       -       15,542,000       15,542,000  
Total fair value   $ 237,307,717     $ -     $ 42,588,487     $ 279,896,204  
Schedule of initial measurement
    As of October 26,
2020
 
Exercise price   $ 11.50  
Stock price   $ 9.39  
Term (in years)     6  
Volatility     20 %
Risk-free interest rate     0.46 %
Dividend yield     -  
   

As of December 31,

2020

 
Exercise price   $ 11.50  
Stock price   $ 10.83  
Term (in years)     5.82  
Volatility     22.68  
Risk-free interest rate     0.48  
Dividend yield     -  
Schedule of changes in the fair value of warrant liabilities
    Private
Placement
    Level     Public     Level     Warrant
Liabilities
 
                               
Fair Value as of September 3, 2020   $ -             $ -             $ -  
Initial measurement on October 26, 2020   $ 8,425,987       3     $ 14,435,020       3     $ 22,860,007  
Change in fair value   $ 7,117,000             $ 12,611,480             $ 19,728,480  
Fair Value as of December 31, 2020   $ 15,541,987       3     $ 27,046,500       1     $ 42,588,487