Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

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Fair Value Measurements
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 8. Fair Value Measurements

 

The following table presents information about the Company’s assets that are measured on a recurring basis as of September 30, 2020 and December 31, 2019 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

 

September 30, 2020                  
    Quoted Prices in Active Markets     Significant Other Observable Inputs     Significant Other Unobservable Inputs  
Description   (Level 1)     (Level 2)     (Level 3)  
Assets held in Trust:                        
Money market funds   $ 129,127,500     $ -     $ -  
    $ 129,127,500     $         -     $         -  

 

 

December 31, 2019                  
    Quoted Prices in Active Markets     Significant Other Observable Inputs     Significant Other Unobservable Inputs  
Description   (Level 1)     (Level 2)     (Level 3)  
Assets held in Trust:                        
U.S. Treasury Securities   $ 161,991,526     $       -     $       -  
Money market funds     28,383       -       -  
    $ 162,019,909     $ -     $ -  

 

Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. There were no transfers between levels for three and nine months ended September 30, 2020 and 2019.