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

$

$

$