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 Measurements  
Schedule of company's financial assets and liabilities that are measured at fair value

    

Quoted Prices in Active

    

Significant Other

    

Significant Other

 Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Assets:

Investments held in Trust Account

 

$

287,500,788

 

$

$

Liabilities:

Derivative warrant liabilities - Public Warrants

$

6,037,500

$

$

Derivative warrant liabilities - Private Placement Warrants

$

$

$

168,000

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

As of March 31, 2021

    

As of February 2, 2021

 

Option term (in years)

 

5

 

5

Volatility

 

12.3

%

10% - 25

%

Risk-free interest rate

1.12

%

0.62

%

Expected dividends

 

%

%

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

Derivative warrant liabilities beginning of the period

    

$

Issuance of Public and Private Warrants

 

10,638,000

Change in fair value of derivative warrant liabilities

(4,432,500)

Derivative warrant liabilities at March 31, 2021

$

6,205,500