Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
Description   June 30,
2021
   

Quoted Prices

in Active

Markets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Other

Unobservable

Inputs

(Level 3) 

 
Assets:                        
Investments held in Trust Account   $ 111,107,428     $ 111,107,428     $
    $
 
                                 
Liabilities:                                
Warrant Liability – Public Warrants   $ 5,170,000     $ 5,170,000     $
    $
 
Warrant Liability – Private Placement Warrants   $ 6,000,000     $
    $
    $ 6,000,000  

 

Description   December 31,
2020
   

Quoted Prices

in Active

Markets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Other

Unobservable

Inputs

(Level 3)

 
Assets:                        
Investments held in Trust Account   $ 111,101,918     $ 111,101,918     $
    $
 
                                 
Liabilities:                                
Warrant Liability – Public Warrants   $ 8,800,000     $ 8,800,000     $
    $
 
Warrant Liability – Private Placement Warrants   $ 6,950,000     $
    $
    $ 6,950,000  

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    June 30,
2021
    December 31,
2020
 
Estimated dividend yield  
   
 
Expected volatility     13.8 %     25 %
Risk-free interest rate     0.73 %     0.36 %
Expected term (years)     4.92       5.00  

 

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
    Private
Placement
    Public     Warrant
Liabilities
 
Fair value as of January 1, 2021   $ 6,950,000     $ 8,800,000     $ 15,750,000  
Change in valuation inputs or other assumptions     (950,000 )     (3,630,000 )     (4,580,000 )
Fair value as of June 30, 2021   $ 6,000,000     $ 5,170,000     $ 11,170,000