Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements

v3.21.1
Fair Value Measurements
4 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Note 7 —Fair Value Measurements
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2020 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.
 
Description
  
Quoted Prices in
Active Markets

(Level 1)
    
Significant Other
Observable Inputs

(Level 2)
    
Significant Other
Unobservable Inputs

(Level 3)
 
Investmen
ts held in Trust Account:
        
Mutual Fund
   $ 402,500,000      $ —        $ —    
  
 
 
    
 
 
    
 
 
 
  
$
402,500,000
 
  
$
—  
 
  
$
—  
 
  
 
 
    
 
 
    
 
 
 
Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. There were no transfers between levels for the period from September 7, 2020 (inception) through December 31, 2020.
Level 1 instruments include investments in money market funds and U.S. government securities. The Company uses inputs such as actual trade data, benchmark yields, quoted market prices from dealers or brokers, and other similar sources to determine the fair value of its investments.