Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Assets Measured on Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description

 

Level

 

 

March 31, 2021

 

Assets:

 

 

 

 

 

 

 

 

Marketable securities held in Trust Account

 

 

1

 

 

$

200,001,238

 

Liabilities:

 

 

 

 

 

 

 

 

Warrant Liability – Public Warrants

 

 

1

 

 

 

4,733,334

 

Warrant Liability – Private Placement Warrants

 

 

3

 

 

 

2,840,000

 

Summary of Changes in Fair Value of Warrant Liabilities

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

 

 

 

Private

Placement

 

 

Public

 

 

Warrant

Liabilities

 

Fair value as of January 1, 2021

 

$

 

 

$

 

 

$

 

Initial measurement on March 19, 2021

 

 

3,000,000

 

 

5,000,000

 

 

 

8,000,000

 

Change in valuation inputs or other assumptions

 

 

(160,000

)

 

 

(266,666

)

 

 

(426,666

)

Fair value as of March 31, 2021

 

$

2,840,000

 

 

$

4,733,334

 

 

$

7,573,334