Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.4
Fair Value Measurements (Tables)
4 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Summary Of Assets And Laibilities Measured At Fair Value
The following table presents information about the Company’s financial assets and financial liabilities that are measured at fair value on a recurring basis as of December 31, 2020 by level within the fair value hierarchy:
 
December 31, 2020
  
 
 
  
 
 
  
 
 
Description
  
Quoted Prices in Active
Markets

(Level 1)
 
  
Significant Other
Observable Inputs
(Level 2)
 
  
Significant Other
Unobservable Inputs
(Level 3)
 
Assets:
  
     
  
     
  
     
Investments held in Trust Account
  
$
363,951,287
 
  
$
—  
 
  
$
—  
 
Liabilities:
  
     
  
     
  
     
Derivative warrant liabilities - Public
  
$
15,892,270
 
  
$
—  
 
  
$
—  
 
Derivative warrant liabilities - Private
  
$
—  
 
  
$
8,103,570
 
  
$
—  
 
Summary Of Quantitative Information Regarding Fair Value Measurements
The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement:
 
 
  
As of October 23, 2020
 
Volatility
  
 
15.7
Stock price
  
$
9.72
 
Expected life of the options to convert
  
 
1.50
 
Risk-free rate
  
 
0.55
Dividend yield
  
 
0.0
Summary Of Reconciliation Of Warrant Liabilities Measured At Fair Value
The change in the fair value of the derivative warrant liabilities measured with Level 3 inputs for the period from September 2, 2020 (inception) through December 31, 2020 is summarized as follows:
 
Derivative warrant liabilities at September 2, 2020 (inception)
  
$
—  
 
Issuance of Public and Private Warrants - Level 3 measurements
  
 
15,256,840
 
Change in fair value of derivative warrant liabilities with Level 3 inputs
  
 
8,739,000
 
Transfer of Public Warrants to Level 1
  
 
(15,892,270
Transfer of Private Warrants to Level 2
  
 
(8,103,570
 
  
 
 
 
Derivative warrant liabilities at December 31, 2020 with Level 3 inputs
  
$
—