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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended | 4 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
FAIR VALUE MEASUREMENTS |  |
Summary of gross holding losses and fair value of held-to-maturity securities |
|  |  |  | March 31, |  | December
Asset |  | Level |  | 2021 |  | 31, 2020
U.S. Treasury Securities Money Market Fund |  | 1 |  | $ | 232,307,702 |  | $ | 232,301,973
|  | Asset |  | Level |  | Fair Value
December 31, 2020 |  | U.S. Treasury Securities Money Market Fund |  | 1 |  | 232,301,973
Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis | The following table presents our fair value hierarchy for liabilities measured at fair value on a recurring basis as of March 31, 2021:
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Warrant liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Public Warrants |  | $ | 13,685,000 |  | $ | — |  | $ | — |  | $ | 13,685,000
Private Placement Warrants |  |  | — |  |  | — |  |  | 10,947,000 |  |  | 10,947,000
Total warrant liabilities |  | $ | 13,685,000 |  | $ | — |  | $ | 10,947,000 |  | $ | 24,632,000
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Warrant liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Public Warrants |  | $ | 18,975,000 |  | $ | — |  | $ | — |  | $ | 18,975,000
Private Placement Warrants |  |  | — |  |  | — |  |  | 14,685,000 |  |  | 14,685,000
Total warrant liabilities |  | $ | 18,975,000 |  | $ | 0 |  | $ | 14,685,000 |  | $ | 33,660,000
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | As of |  | As of |
|  | December 31, |  | March 31, |
|  | 2020 |  | 2021 |
Exercise price |  | $ | 11.50 |  | $ | 11.50 |
IPO price |  | $ | 10.00 |  | $ | 10.00 |
Implied stock price range (or underlying asset price at December 31, 2020) |  | $ | 10.12 |  | $ | 10.12 |
Volatility |  |  | 21 | % |  | 17 | %
Term |  |  | 5.70 |  |  | 5.25 |
Risk-free rate |  |  | 0.46 | % |  | 0.98 | %
Dividend yield |  |  | 0.0 | % |  | 0.0 | %
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | Private Placement
|  | Warrant Liability
Fair value, December 31, 2020 |  | $ | 14,685,000
Recognized gain on change in fair value |  |  | 3,738,000
Fair value, March 31, 2021 |  | $ | 10,947,000

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