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Fair Value Measurements (Tables)
 5 Months Ended 9 Months Ended
Dec. 31, 2020
Sep. 30, 2021
Fair Value Disclosures [Abstract]    
Schedule of gross holding gains and fair value held-to-maturity securities

Held-To-Maturity Securities

  

Carrying Value at
December 31,
2020
(Amortized Cost)

  

Gross Unrealized Holding Gain

  

Fair Value - Quoted Prices
in Active
Markets
(Level 1)

U.S. Treasury Bills (mature on February 18, 2021)

  

$

115,019,335

  

$

4,462

  

$

115,024,797
 
Schedule of warrant liabilities that are measured at fair value on a recurring basis
 

December 31,
2020

  

Quoted
Prices In
Active
Markets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Other
Unobservable
Input
(Level 3)

Warrant Liabilities – Public Warrants

  

$

5,443,335

  

$

—

  

$

—

  

$

5,443,335

Warrant Liabilities – Private Warrants

  

$

3,597,335

  

$

—

  

$

—

  

$

3,597,335
 

Fair Value Measured as of September 30, 2021
   

Level 1

  

Level 2

  

Level 3

  

Total

Assets:

  

 

    

 

    

 

    

 

  

Investments held in Trust Account – money market fund holding solely U.S. Treasury Securities

  

$

115,000,482

  

$

—

  

$

—

  

$

115,000,482

Liabilities:

  

 

    

 

    

 

    

 

  

Public Warrant liabilities

  

$

5,175,000

  

$

—

  

$

—

  

$

5,175,000

Private Placement Warrant liabilities

  

 

—

  

 

3,420,000

  

 

—

  

 

3,420,000

Total Warrant liabilities

  

$

5,175,000

  

$

3,420,000

  

$

—

  

$

8,595,000
 

Fair Value Measured as of December 31, 2020
   

Level 1

  

Level 2

  

Level 3

  

Total

Assets:

  

 

    

 

    

 

    

 

  

Investments held in Trust Account – U.S. Treasury Securities

  

$

115,020,078

  

$

—

  

$

—

  

$

115,020,078

Liabilities:

  

 

    

 

    

 

    

 

  

Public Warrant liabilities

  

$

—

  

$

—

  

$

5,443,335

  

$

5,443,335

Private Placement Warrant liabilities

  

 

—

  

 

—

  

 

3,597,335

  

 

3,597,335

Total Warrant liabilities

  

$

—

  

$

—

  

$

9,040,670

  

$

9,040,670
Schedule of quantitative information regarding Level 3 fair value measurements
 

At
October 19,
2020
(Initial Measurement)

  

As of
December 31, 2020

Stock price

  

$

—

 

  

$

10.15

 

Strike price

  

$

11.50

 

  

$

11.50

 

Term (in years)

  

 

5.0

 

  

 

5.0

 

Volatility

  

 

16.3

%

  

 

21.2

%

Risk-free rate

  

 

0.34

%

  

 

0.34

%

Dividend yield

  

 

0.0

%

  

 

0.0

%

Probability of completing a Business Combination

  

 

70.0

%

  

 

70.0

%
 
Schedule of changes in fair value of warrant liabilities
 

Public

  

Private Placement

  

Total
Warrant Liabilities

Fair value as of August 11, 2020 (inception)

  

$

—

  

$

—

  

$

—

Initial measurement on October 19, 2020

  

 

3,105,000

  

 

2,052,000

  

 

5,157,000

Change in fair value recognized in earnings

  

 

2,338,335

  

 

1,545,335

  

 

3,883,670

Fair value as of December 31, 2020

  

$

5,443,335

  

$

3,597,335

  

$

9,040,670
 

Public
Warrants

  

Private Placement Warrants

  

Total
Warrant Liabilities

Fair value as of December 31, 2020

  

$

5,443,335

 

  

$

3,597,335

 

  

$

9,040,670

 

Transfers to Levels 1 and 2

  

 

(5,443,335

)

  

 

(3,597,335

)

  

 

(9,040,670

)

Fair value as of September 30, 2021

  

$

0

 

  

$

0

 

  

$

0