Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The Company's fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2021, is as follows:

	Level 1		Level 2		Level 3		Total
	(in thousands)
Liabilities
Public Warrants	$	31,191	$	—	$	—	$	31,191
Private Placement Warrants		—		—		14,930		14,930
Total liabilities	$	31,191	$	—	$	14,930	$	46,121

Summary of Fair Value Measurement Inputs and Techniques

The following assumptions were used for the valuation of the Private Placement Warrants:

	September 30,
	2021
Expected term	4.71
Volatility		35.50	%
Risk-free rate		0.94	%
Dividend yield		—

Schedule of Changes in Fair Value of Warrant Liabilities

The change in the fair value of warrant liabilities is as follows:

	Warrant Liabilities
	(in thousands)
Balance at March 31, 2021	$	—
Assumption of Private Placement Warrants and Public Warrants		75,415
Change in fair value of warrant liabilities		(29,294	)
Balance at September 30, 2021	$	46,121