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FAIR VALUE MEASUREMENTS (Tables)

4 Months Ended

Dec. 31, 2020

FAIR VALUE MEASUREMENTS (Restated)

Schedule of company's assets that are measured at fair value on a recurring basis

				December 31,
Description		Level		2020
Assets:
Marketable securities held in Trust Account		1		$	236,214,150
Liabilities:
Warrant Liability – Public Warrants		1			14,125,160
Warrant Liability – Private Placement Warrants		3			13,330,002

Schedule of significant inputs to the Monte Carlo Simulation for the fair value

		November 5, 2020			December 31,
		(Initial			2020 (Subsequent
Input		Measurement)			Measurement)
Risk-free interest rate			0.36			0.37	%
Expected term (years)			5			5.05
Expected volatility			20.0			18.5	%
Exercise price		$	11.50		$	11.50
Fair value of Units		$	10.00			10.11

Schedule of changes in the fair value of warrant liabilities

		Private Placement			Public			Warrant Liabilities
Fair value as of August 21, 2020		$	—		$	—		$	—
Initial measurement on November 5, 2020			11,487,644			12,156,000			23,156,900
Change in valuation inputs or other assumptions			1,842,358			1,968,260			3,810,618
Fair value as of December 31, 2020		$	13,330,002		$	14,125,160		$	27,455,162

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Publisher FASB
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-Topic 820
-SubTopic 10
-Section 50
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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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-Publisher FASB
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