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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

FAIR VALUE MEASUREMENTS

Schedule of information about the Company's assets that are measured at fair value on a recurring basis

​

​	​	​	​	​	​	​	​	​
​	​	​	​	June 30,		​	December 31,
Description		Level		2021			2020
Assets:	​		​	​	​	​	​
Marketable securities held in Trust Account		1	​	$	239,843,104	​	$	239,795,125
​	​	​	​	​	​	​	​	​
Liabilities:	​	​	​	​	​	​	​	​
Warrant Liability – Public Warrants	​	1	​	​	15,343,764	​	​	8,471,037
Warrant Liability – Private Placement Warrants	​	3	​	​	8,697,504	​	​	4,801,747

Schedule of quantitative information regarding Level 3 fair value measurements inputs as their measurement dates

​

​	​	​	​	​	​	​	​
​	​	June 30,			December 31,
Input		2021			2020		​
Risk-free interest rate	​	​	0.87	%	​	0.43	%
Expected term (years)		​	5.04		​	5.49	​
Expected volatility		​	28.7	%	​	20.0	%
Exercise price	​	$	11.50	​	$	11.50	​
Fair value of Units	​	$	9.98	​	$	9.97	​
Probability of Acquisition	​	​	95	%	​	85	%

Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis.

​

​	​	​	​	​	​	​	​	​	​
​		Private Placement			Public			Warrant Liabilities
Fair value as of January 1, 2021	​	$	4,801,747	​	$	8,471,037	​	$	13,272,784
Change in valuation inputs or other assumptions		​	3,895,757		​	6,872,727		​	10,768,484
Fair value as of June 30, 2021	​	$	8,697,504	​	$	15,343,764	​	$	24,041,268

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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