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Fair Value Measurements (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Fair Value Disclosures [Abstract]    
Schedule of assets are measured at fair value on a recurring basis

Description

 

Level

 

June 30,
2021

 

December 31,
2020

Assets:

     

 

   

 

 

Marketable securities held in Trust Account

 

1

 

$

130,240,715

 

$

130,681,047

       

 

   

 

 

Liabilities:

     

 

   

 

 

Warrant Liability – Private Placement Warrants

 

3

 

$

4,779,876

 

$

3,950,311

 
Schedule of quantitative information regarding Level 3 fair value measurements
 

June 30,
2021

 

December 31, 2020

Exercise price

 

$

11.50

 

 

$

11.50

 

Stock price

 

$

9.95

 

 

$

10.20

 

Volatility

 

 

20.8

%

 

 

17.2

%

Term

 

 

5.00

 

 

 

5.00

 

Risk-free rate

 

 

.70

%

 

 

0.29

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 
Schedule of changes in fair value of warrant liabilities
 

Private Placement

Fair value as of December 31, 2020

 

$

3,950,311

Change in fair value

 

 

711,056

Fair value as of March 31, 2021

 

 

4,661,367

Change in fair value

 

 

118,509

Fair value as of June 30, 2021

 

$

4,779,876

 

Private
Placement

Fair value as of June 20, 2019 (inception)

 

$

 

Initial measurement on November 7, 2019 (Initial Public Offering, including over-allotment)

 

 

3,199,752

 

Change in fair value

 

 

(1,224,597

)

Fair value as of December 31, 2019

 

 

1,975,155

 

Change in fair value

 

 

1,975,156

 

Fair value as of December 31, 2020

 

$

3,950,311

 

Schedule of assets are measured at fair value on a recurring basis  

Description

 

Level

 

December 31,
2020

 

December 31,
2019

Assets:

     

 

   

 

 

Cash and marketable securities held in Trust Account

 

1

 

$

130,681,047

 

$

130,311,535

       

 

   

 

 

Liabilities:

     

 

   

 

 

Warrant Liability – Private Warrants

 

3

 

 

3,950,311

 

 

1,975,155

Schedule of quantitative information regarding Level 3 fair value measurements  
 

December 31,
2020

 

December 31,
2019

Exercise price

 

$

11.50

 

 

$

11.50

 

Stock price

 

$

10.20

 

 

$

9.74

 

Volatility

 

 

17.2

%

 

 

9.1

%

Term

 

 

5.00

 

 

 

5.00

 

Risk-free rate

 

 

0.29

%

 

 

1.70

%

Dividend yield

 

 

0.0

%

 

 

0.0

%