Registration of securities issued in business combination transactions

Fair Value Measurements (Tables)

v3.20.4
Fair Value Measurements (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Fair Value Disclosures [Abstract]    
Summary of assets measured at fair value on recurring basis

The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019 by level within the fair value hierarchy:

 

September 30, 2020

        

Description

   Quoted
Prices in
Active

Markets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Other
Unobservable
Inputs

(Level 3)
 

Investments held in Trust Account

        

Money Market Fund

   $ 9,201      $ —        $ —    

U.S. Treasury Securities

     293,246,339        —          —    
  

 

 

    

 

 

    

 

 

 

Total

   $ 293,255,540      $ —        $ —    
  

 

 

    

 

 

    

 

 

 

 

December 31, 2019

        

Description

   Quoted
Prices in
Active

Markets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Other
Unobservable
Inputs

(Level 3)
 

Investments held in Trust Account

        

Money Market Fund

   $ 7,882      $ —        $ —    

U.S. Treasury Securities

     292,046,276        —          —    
  

 

 

    

 

 

    

 

 

 

Total

   $ 292,054,158      $ —        $ —    
  

 

 

    

 

 

    

 

 

 

Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability.

 

Description

   Quoted Prices in Active
Markets (Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant Other
Unobservable Inputs
(Level 3)
 

Investments held in Trust Account (1)

   $ 292,054,158        —          —    

 

(1)

United States Treasury bill matures on April 2, 2020.