Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis
Description   Level   December 31, 2020     September 30, 2020  
Assets:                
Marketable securities held in Trust Account   1   $ 201,339,975     $ 201,276,435  
                     
Liabilities:                    
Warrant Liabilities – Public Warrants   1   $ 19,000,000     $ 15,000,000  
Warrant Liabilities – Private Placement Warrants   3   $ 12,375,000     $ 10,500,000  
Schedule of fair value of held-to-maturity securities
    Held-To-Maturity   Level   Amortized Cost     Gross
Holding
Loss
    Fair Value  
September 30, 2020   U.S. Treasury Securities (Matured on 10/22/2020)   1   $ 26,298,490     $ 195     $ 26,298,685  
September 30, 2020   U.S. Treasury Securities (Matured on 10/29/2020)   1   $ 24,998,590     $ (340 )   $ 24,998,250  
September 30, 2020   U.S. Treasury Securities (Matured on 11/5/2020)   1   $ 49,994,033     $ 1,967     $ 49,996,000  
September 30, 2020   U.S. Treasury Securities (Matured on 11/27/2020)   1   $ 49,993,862     $ (1,362 )   $ 49,992,500  
September 30, 2020   U.S. Treasury Securities (Matured on 12/10/2020)   1   $ 49,991,714     $ (714 )   $ 49,991,000  
            $ 201,276,689     $ (254 )   $ 201,276,435  
Schedule of the quantitative information regarding Level 3 fair value measurements
   

As of

December 31,

2020

   

As of

September 30, 2020

 
Share Price     10.40     $ 9.93  
Term (in years)     5.5       5.5  
Volatility     23.7 %     23.5 %
Risk-free rate     0.43 %     0.33 %
Dividend yield     0.0 %     0.0 %
Schedule of the changes in the fair value of Level 3 warrant liabilities
    Private Placement  
Fair value as of September 30, 2020   $ 10,500,000  
Change in fair value     1,875,000  
Fair value as of December 31, 2020   $ 12,375,000