Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS

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FAIR VALUE MEASUREMENTS
12 Months Ended
Dec. 31, 2019
FAIR VALUE MEASUREMENTS  
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, 2019 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable, such as quoted prices, interest rates and yield curves. 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

Significant Other

 

Significant Other

 

 

Quoted Prices in Active

 

Observable Inputs

 

Unobservable Inputs

Description

    

Markets (Level 1)

    

(Level 2)

    

(Level 3)

Investments held in Trust Account (1)

 

$

292,054,158

 

 —

 

 —

(1)

United States Treasury bill matures on April 2, 2020.

 

At December 31, 2019, approximately $7,900 of the balance in the Trust Account was held in cash.  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 year ended December 31, 2019.