Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2021
FAIR VALUE MEASUREMENTS  
Schedule of company's assets that are measured at fair value on a recurring basis

​

​

​

​

​

​

​

​

​

​

    

Held-To-Maturity

    

Level

    

Fair Value

June 30, 2021

 

U.S. Mutual Funds

 

1

​

$

345,009,910

December 31, 2020

 

U.S. Mutual Funds

 

1

​

$

345,000,000

Schedule of company's liabilities that are measured at fair value on a recurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

June 30,

    

​

​

    

December 31,

​

    

Level

    

2021

    

Level

    

2020

Liabilities:

 

  

 

​

  

 

​

  

​

​

​

Warrant Liability – Public Warrants

​

1

​

$

16,560,000

 

​

3

​

$

28,462,500

Warrant Liability – Private Placement Warrants

​

2

​

$

8,544,000

 

​

3

​

$

14,685,000

Schedule of level 3 inputs used for the fair value measurements

The following table provides quantitative information regarding the Level 3 inputs used for the fair value measurements:

​

​

​

​

​

​

​

    

As of December 31, 2020

 

Exercise Price

​

$

11.50

​

Stock Price

​

$

10.00

​

Term (years)

​

​

5.0

​

Volatility

​

 

82.9

%

Risk free interest rate

​

 

0.42

%

Dividend yield

​

 

0.0

%

Public warrant price

​

$

3.30

​

Schedule of changes in the fair value of Level 3 warrant liabilities

The following table presents the changes in the fair value of Level 3 warrant liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Private

​

​

​

​

Warrant

​

    

Placement

    

Public

    

Liabilities

Fair value as of January 1, 2021

​

$

14,685,000

​

$

28,462,500

​

$

43,147,500

Change in fair value

​

​

(5,963,000)

​

​

(11,557,500)

​

 

(17,520,500)

Transfer to Level 1

​

​

—

​

​

(16,905,000)

​

​

(16,905,000)

Transfer to Level 2

​

​

(8,722,000)

​

​

—

​

​

(8,722,000)

Fair value as of June 30, 2021

​

$

—

​

$

—

​

$

—