Post-effective amendment to a registration statement that is not immediately effective upon filing

Fair Value (Tables)

v3.20.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2020
Entity Listings [Line Items]  
Schedule of fair value assets measured on a recurring basis
                       
Description  

Quoted Prices in Active
Markets

(Level 1)

    

Significant Other
Observable Inputs

(Level 2)

    

Significant Other
Unobservable Inputs

(Level 3)

  
Assets held in Trust at December 31, 2020:                        
Money market fund   $ 109,742,246     $    —     $    —  
    $ 109,742,246     $ —     $ —  

 

    Quoted Prices in Active
Markets		     Significant Other
Observable Inputs		     Significant Other
Unobservable Inputs		  
Description   (Level 1)     (Level 2)     (Level 3)  
Assets held in Trust at December 31, 2019:                        
U.S. Treasury Securities   $ 161,991,526     $       —     $      —  
Money market funds     28,383       —       —  
    $ 162,019,909     $ —     $ —  
Landsea Homes [Member]  
Entity Listings [Line Items]  
Schedule of fair value assets measured on a recurring basis
                                 
      December 31, 2020   December 31, 2019
  Hierarchy   Carrying   Fair Value   Carrying   Fair Value
  (dollars in thousands)
Liabilities:                  
Construction loans (1) Level 2   $ 67,757      $ 67,757      $ 92,640      $ 92,640   
Revolving credit facility (1) Level 2   $ 140,142      $ 140,142      $ 8,680      $ 8,680   
EB-5 notes payable (2) Level 2   $ 59,216      $ 59,216      $ 95,010      $ 95,010   
Loans payable (2) Level 2   $ 5,144      $ 5,144      $ —      $ —   
(1) Carrying amount approximates fair value due to the variable interest rate terms of these loans.
(2) Carrying amount approximates fair value due to recent issuances of debt having similar characteristics, including interest rate.