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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets are measured at fair value on a recurring basis
Description  Level   September 30,
2021
   December 31,
2020
 
Assets:            
Cash and marketable securities held in Trust Account   1   $130,203,176   $130,681,047 
                
Liabilities:               
Warrant Liability – Private Warrants   3   $7,229,069   $3,950,311 

 

Schedule of quantitative information regarding Level 3 fair value measurements
   September 30,
2021
   December 31,
2020
 
Exercise price  $11.50   $11.50 
Stock price  $9.99   $10.20 
Volatility   18.3%   17.2%
Term   5.00    5.00 
Risk-free rate   0.90%   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 
Change in fair value   2,449,193 
Fair value as of September 30, 2021  $7,229,069