Annual report pursuant to Section 13 and 15(d)

Recurring Fair Value Measurements (Tables)

v3.21.1
Recurring Fair Value Measurements (Tables)
 5 Months Ended
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Held To Maturity Securities The carrying value, excluding gross unrealized holding loss and fair value of held to maturity securities on December 31, 2020 are as follows:
    
Carrying
Value/Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair Value
as of
December 31,
2020
  
U.S. Money Market
    $ 95      $ —        $ —        $ 95  
U.S. Treasury Securities
      166,243,519        10,751        (12,968 )       166,230,551  
    
 
 
     
 
 
     
 
 
     
 
 
  
     $ 166,243,614      $ 10,751      $ (12,968 )     $ 166,230,646  
    
 
 
     
 
 
     
 
 
     
 
 
  
Summary of Key Inputs in Monte Carlo simulation model
The key inputs into the Monte Carlo simulation model and the modified Black-Scholes model were as follows at initial measurement and at December 31, 2020:
 
Input
   
November 27, 2020
(Initial Measurement)
    
December 31, 2020
  
Risk-free interest rate
      0.44 %      0.43 % 
Expected term (years)
      5.0       5.0  
Expected volatility
      40.0 %      40.0 % 
Exercise price
    $ 11.50     $ 11.50  
Probability of completing a Business Combination
 
 
80
% 
 
 
80
% 
Dividend yield
 
 
0
% 
 
 
0
% 
Expected stock price at De-SPAC
    $ 10.00     $ 10.00  
Summary of Change in Fair Value of Warrant Liabilities
The change in the fair value of the warrant liabilities for the period ended December 31, 2020 is summarized as follows:
 
Fair value at issuance November 27, 2020
    $ 36,549,753  
Change in fair value
      —    
Fair Value at December 31, 2020
    $ 36,549,753  
Fair Value, Recurring [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Financial Assets and Liabilities at Fair Value on Recurring Basis
The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis:
 
    
Quoted Prices in
Active Markets

(Level 1)
     
Significant Other
Observable
Inputs

(Level 2)
     
Significant
Other
Unobservable
Inputs

(Level 3)
  
Assets
                           
Investments held in Trust Account—U.S. Money Market
    $ 95      $ —        $ —    
Investments held in Trust Account—U.S. Treasury
    $ 166,230,551      $ —        $ —    
Liabilities
                           
Public Warrants
    $ —        $ —        $ 17,605,944  
Private Warrants
    $ —        $ —        $ 18,943,809