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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2021
FAIR VALUE MEASUREMENTS  
Summary of assets measured at fair value on a recurring basis

Gross 

Amortized 

Holding 

    

Held-To-Maturity

    

Level

    

Cost

    

Gain

    

Fair Value

December 31, 2020

 

U.S. Treasury Securities (Matures on 03/18/21)

1

$

278,766,888

$

7,079

$

278,773,966

September 30, 2021

Money Market funds

1

$

$

$

278,828,948

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

    

    

September 30, 

    

December 31, 

Description

    

Level

    

2021

    

Level

    

2020

Liabilities:

 

  

 

  

  

Warrant Liability – Public Warrants

1

$

8,970,000

3

$

12,558,000

Warrant Liability – Private Placement Warrants

 

2

$

6,682,000

3

$

9,354,800

Schedule of change in the fair value of the Level 3 warrant liabilities

    

Private Placement

    

Public

    

Warrant Liabilities

Fair value as of December 31, 2020

$

9,354,800

$

12,558,000

$

21,912,800

Change in fair value

 

(2,672,800)

 

(3,588,000)

 

(1,685,600)

Transfer to Level 1

(8,970,000)

(8,970,000)

Transfer to Level 2

(6,682,000)

(6,682,000)

Fair value as of September 30, 2021

$

$

$