CASH AND INVESTMENT HELD IN TRUST ACCOUNT

3 Months Ended

Mar. 31, 2021

CASH AND INVESTMENT HELD IN TRUST ACCOUNT

CASH AND INVESTMENT HELD IN TRUST ACCOUNT

NOTE 3 — CASH AND INVESTMENT HELD IN TRUST ACCOUNT

As of March 31, 2021, investment securities in the Company’s Trust Account consisted of $46,460,382 in United States Treasury Bills and $0 in cash. The Company classifies its United States Treasury securities as available-for-sale. Available-for-sale marketable securities are recorded at their estimated fair value on the accompanying March 31, 2021 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on March 31, 2021 are as follows:

	Carrying Value				Fair Value
	as of March 31,		Gross		as of March 31,
	2021		Unrealized		2021
	(unaudited)		Holding Gain		(unaudited)
Available-for-sale marketable securities:
U.S. Treasury Securities	$	46,460,382	$	—	$	46,460,382