Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value hierarchy of the valuation inputs
Description   March 31,
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   $ 111,104,658     $ 111,104,658     $     $  
                                 
Liabilities:                                
Warrant Liability – Public Warrants   $ 4,950,000     $ 4,950,000     $     $  
Warrant Liability – Private Placement Warrants   $ 8,370,000     $     $     $ 8,370,000  
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 fair value private placement warrants estimated
    March 31,
2021
    December 31,
2020
 
Estimated dividend yield           --  
Expected volatility     18 %     25 %
Risk-free interest rate     0.76 %     0.36 %
Expected term (years)     4.92       5.00  
Schedule of changes in the fair value of warrant liabilities
  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     1,420,000       (3,850,000 )     (2,430,000 )
Fair value as of March 31, 2021   $ 8,370,000     $ 4,950,000     $ 13,320,000