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Fair Value Measurements (Tables)
1 Months Ended 3 Months Ended
Mar. 31, 2021
Mar. 31, 2021
Fair Value Measurements    
Schedule of Company's assets that are measured at fair value on a recurring basis

    

Quoted Prices in Active

    

Significant Other

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Assets:

Money markets

$

276,003,675

$

$

Liabilities:

Derivative warrant liabilities - Public

$

7,452,000

$

$

Derivative warrant liabilities - Private

$

$

$

4,330,800

 
Schedule of quantitative information regarding Level 3 fair value measurements inputs  

As of January 8, 2021

As of March 31, 2021

Volatility

    

17.0

%

    

11.0

%

Stock price

$

10.00

$

9.75

Risk-free rate

0.65

%

1.10

%

Dividend yield

0.0

%

 

0.0

%

Schedule of change in the fair value of the derivative warrant liabilities  

Level 3 - Derivative warrant liabilities at December 31, 2020

$

Issuance of Public and Private Warrants

 

21,820,000

Change in fair value of derivative warrant liabilities

(3,689,200)

Transfer of Public Warrants to Level 1

(13,800,000)

Level 3 - Derivative warrant liabilities at March 31, 2021

$

4,330,800