Registration of securities issued in business combination transactions

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

    June 30,     Quoted
Prices In
Active
Markets
    Significant
Other
Observable
Inputs
    Significant
Other
Unobservable
Inputs
 
    2021     (Level 1)     (Level 2)     (Level 3)  
Assets:                                
U.S. Money Market held in Trust Account   $ 116,155,315     $ 116,155,315     $     $  
Liabilities:                                
Public Warrants Liability   $ 5,289,425     $ 5,289,425     $     $  
Private Placement Warrants Liability     241,681                   241,681  
Fair value of liabilities   $ 5,531,106     $ 5,289,425     $     $ 241,681  
Schedule of Change in Fair Value Liabilities

The following table presents the changes in the fair value of the Level 3 liabilities:

    Private Placement Warrants    

Public

Warrants

    Warrant Liabilities  
Fair Value as of December 31, 2020   $     $     $  
Initial measurement on January 14, 2021     249,963       6,775,220       7,025,183  
Change in valuation     (8,282 )     (1,485,795 )     (1,494,077 )
Transferred to Level 1           (5,289,425 )     (5,289,425 )
Balance, June 30, 2021   $ 241,681     $     $ 241,681  
Schedule of Key Inputs into Monte Carlo Simulation

The key inputs into the Monte Carlo simulation as of January 14, 2021 and June 30, 2021 were as follows:

    (Initial Measurement)        
Inputs   January 14, 2021     June 30, 2021  
Risk-free interest rate     0.60 %     0.90 %
Expected term remaining (years)     5.67       5.19  
Expected volatility     24.2 %     19.8 %
Stock price   $ 9.41     $ 9.96