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Fair Value Measurements (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
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

%

 

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

%

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

 

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