Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of assets that are measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

Description

    

Level

    

2020

    

2019

Assets:

 

  

 

 

 

 

 

 

Marketable securities held in Trust Account

 

1

 

$

276,943,339

 

$

276,261,596

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Warrant Liability – Public Warrants

 

1

 

 

22,366,667

 

 

9,716,667

Warrant Liability – Private Placement Warrants

 

3

 

 

14,400,000

 

 

6,400,000

 

Schedule of the key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants

 

 

 

 

 

 

    

September 19, 

 

 

 

2019 

 

 

 

(Initial

 

Input

 

Measurement)

 

Risk-free interest rate
Risky Drift

 

 

1.7

%

Expected term (years)

 

 

1.5

 

Expected volatility

 

 

40.0

%

Exercise price

 

$

11.60

 

Fair value of Units

 

$

7.66

 

 

Schedule of changes in the fair value of warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

    

Private 

    

 

 

    

Warrant 

 

 

Placement

 

Public

 

Liabilities

Fair value –

 

$

 —

 

$

 —

 

$

 —

Initial measurement on September 17, 2019 (IPO)

 

 

7,300,000

 

 

11,000,000

 

 

18,300,000

Change in valuation inputs or other assumptions

 

 

(900,000)

 

 

(1,283,333)

 

 

(2,183,333)

Fair value as of December 31, 2019

 

$

6,400,000

 

$

9,716,667

 

$

16,116,667

Change in valuation inputs or other assumptions

 

 

8,000,000

 

 

12,650,000

 

 

20,650,000

Fair value as of December 31, 2020

 

$

14,400,000

 

$

22,366,667

 

$

36,766,667