Schedule of company's assets that are measured at fair value on a recurring basis |
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Marketable securities held in Trust Account |
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1 |
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$ |
230,016,101 |
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Warrant Liability – Public Warrants |
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3 |
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45,425,000 |
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Warrant Liability – Placement Warrants |
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3 |
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25,200,000 |
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Marketable securities held in Trust Account |
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1 |
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$ |
229,967,028 |
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Warrant Liability – Public Warrants |
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3 |
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12,880,000 |
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Warrant Liability – Placement Warrants |
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3 |
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6,900,000 |
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Schedule of key inputs into valuing warrant liabilities |
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$ |
11.50 |
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(a |
) |
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1.00 |
% |
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(b |
) |
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28.0 |
% |
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(c |
) |
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5.36 |
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Probability of Acquisition |
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(d |
) |
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95.0 |
% |
(a) |
Based on the linearly interpolated treasury rate |
(b) |
Blended volatility based upon weighted average of time pre announcement and post announcement |
(c) |
As of the measurement date until assumed expiration |
(d) |
Based upon success of SPACs in completing business combination |
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$ |
11.50 |
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$ |
11.50 |
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(a) 0.5 |
% |
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0.5 |
% |
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(b) 19.0 |
% |
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19.0 |
% |
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(c) 5.75 |
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5.57 |
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Probability of Acquisition |
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(d) 80 |
% |
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85 |
% |
(a) |
Based on the linearly interpolated treasury rate |
(b) |
Blended volatility based upon weighted average of time pre announcement and post announcement |
(c) |
As of the measurement date until assumed expiration |
(d) |
Based upon success of SPACs in completing business combination |
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Schedule of change in the fair value of the warrant liabilities |
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Fair Value as of December 31, 2020 |
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$ |
6,900,000 |
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$ |
12,880,000.00 |
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$ |
19,780,000 |
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Change in valuation inputs or other assumptions |
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18,300,000 |
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32,545,000 |
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50,845,000 |
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Fair Value as of March 31, 2021 |
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$ |
25,200,000 |
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$ |
45,425,000 |
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$ |
70,625,000 |
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Fair value as of September 23, 2020 |
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$ |
— |
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$ |
— |
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$ |
— |
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Initial measurement on December 4, 2020 |
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6,000,000 |
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12,190,000 |
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18,190,000 |
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Change in valuation inputs or other assumptions |
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900,000 |
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|
690,000 |
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1,590,000 |
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Fair value as of December 31, 2020 |
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$ |
6,900,000 |
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$ |
12,880,000 |
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$ |
19,780,000 |
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