| Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: | | | | | | | | | | Assets: | | | | | | | | | | Marketable securities held in Trust Account | | | 1 | | | $ | 254,202,898 | | | $ | 254,187,706 | | | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Warrant Liability – Public Warrants | | | 1 | | | | 88,000,000 | | | | 41,000,000 | | Warrant Liability – Private Warrants | | | 3 | | | | 53,900,000 | | | | 22,680,000 | |
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The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and December 31, 2019, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: | | | | | | | | | | Assets: | | | | | | | | | | Marketable securities held in Trust Account | | | 1 | | | $ | 254,187,706 | | | $ | 251,924,993 | | Liabilities | | | | | | | | | | | | | Warrant Liability – Public Warrants | | | 1 | | | | 41,000,000 | | | | 5,000,000 | | Warrant Liability – Private Placement Warrants | | | 3 | | | | 22,680,000 | | | | 8,260,000 | |
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| Changes in Fair Value of Warrant Liabilities |
The following tables summarize the changes in the fair value of the warrant liabilities: | | | Three months ended March 31, 2021 | | | | | | | | | | | | | Fair value, beginning of period | | $ | 41,000,000 | | | $ | 22,680,000 | | | $ | 63,680,000 | | Change in valuation inputs or other assumptions | | | | | | | | | | | | | Fair value, end of period | | | | | | | | | | | | |
| | Three months ended March 31, 2020 | | | | | | | | | | | | | Fair value, beginning of period | | $ | 5,000,000 | | | $ | 8,260,000 | | | $ | 13,260,000 | | Change in valuation inputs or other assumptions | | | | | | | | | | | | | Fair value, end of period | | | | | | | | | | | | |
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The following table presents the changes in the fair value of warrant liabilities: | | | | | | | | | | | Fair value as of June 7, 2019 | | $ | — | | | $ | — | | | $ | — | | Initial measurement on August 12, 2019 | | | 7,280,000 | | | | 10,625,000 | | | | 17,905,000 | | Change in valuation inputs or other assumptions | | | 980,000 | | | | (5,625,000 | ) | | | (4,645,000 | ) | Fair value as of December 31, 2019 | | | 8,260,000 | | | | 5,000,000 | | | | 13,260,000 | | Change in valuation inputs or other assumptions | | | 14,420,000 | | | | 36,000,000 | | | | 50,420,000 | | Fair value as of December 31, 2020 | | $ | 22,680,000 | | | $ | 41,000,000 | | | $ | 63,680,000 | |
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