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

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Quoted Prices in Active

    

Significant Other

    

Significant Other

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 Markets

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Observable Inputs

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Unobservable Inputs

Description

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(Level 1)

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(Level 2)

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(Level 3)

Assets:

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Investments held in Trust Account

 

$

287,500,788

 

$

—

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$

—

Liabilities:

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Derivative warrant liabilities - Public Warrants

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$

6,037,500

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$

—

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$

—

Derivative warrant liabilities - Private Placement Warrants

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$

—

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$

—

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$

168,000

Schedule of quantitative information regarding Level 3 fair value measurements inputs

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As of March 31, 2021

    

As of February 2, 2021

 

Option term (in years)

 

5

 

5

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Volatility

 

12.3

%

10% - 25

%

Risk-free interest rate

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1.12

%

0.62

%

Expected dividends

 

—

%

—

%

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

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Derivative warrant liabilities beginning of the period

    

$

—

Issuance of Public and Private Warrants

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10,638,000

Change in fair value of derivative warrant liabilities

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(4,432,500)

Derivative warrant liabilities at March 31, 2021

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$

6,205,500