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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets are measured at fair value on a recurring basis
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2021 and 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
DescriptionLevelDecember 31,
2021		December 31,
2020
Assets:  
Cash and marketable securities held in Trust Account1$90,849,312 $130,681,047 
Liabilities:
Warrant liability – Private Warrants36,982,603 3,950,311 
Forward share purchase agreements32,174,989 — 
Schedule of liabilities are measured at fair value on a recurring basis
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2021 and 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
DescriptionLevelDecember 31,
2021		December 31,
2020
Assets:  
Cash and marketable securities held in Trust Account1$90,849,312 $130,681,047 
Liabilities:
Warrant liability – Private Warrants36,982,603 3,950,311 
Forward share purchase agreements32,174,989 — 
Schedule of quantitative information regarding Level 3 fair value measurements
The following table presents the quantitative information regarding Level 3 fair value measurements of the warrant liability:
December 31,
2021		December 31,
2020
Exercise price$11.50 $11.50 
Stock price$9.99 $10.20 
Volatility24.9 %17.2 %
Term5.005.00
Risk-free rate1.19 %0.29 %
Dividend yield0.0 %0.0 %
The following table presents the quantitative information regarding Level 3 fair value measurements of the Forward Purchase Agreements:

December 31, 2021
Exercise price
$10.01 and $10.16
Stock price
$9.99
Volatility
24.9 %
Term
0.25
Risk-free rate
0.06 %
Dividend yield
0.0 %
Summary of changes in fair value of warrant and Level 3 liabilities
The following table presents the changes in the fair value of warrant liabilities:
Private Placement Warrants
Fair value as of December 31, 2020$3,950,311 
Change in fair value3,032,292 
Fair value as of December 31, 2021$6,982,603 
The following table presents a summary of the changes in the fair value of the FPA liability, a Level 3 liability, measured on a recurring basis.
FPA
Fair value as of December 22, 2021
$
2,174,989
Change in fair value
0
Fair value as of December 31, 2021
$
2,174,989