General form of registration statement for all companies including face-amount certificate companies

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2021
FAIR VALUE MEASUREMENTS  
Summary of gross holding gains and fair value of held-to-maturity securities

Quoted Prices in

Significant Other

Significant Other

June 30, 

Active Markets

Observable Inputs

Unobservable Inputs

    

Description

    

2021

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

  

  

  

  

  

Cash and marketable securities held in Trust Account

 

  

$

115,005,972

$

115,005,972

$

$

Liabilities:

 

  

 

  

 

  

 

  

 

  

Warrant Liability – Private Placement Warrants

 

  

$

315,180

$

$

$

315,180

Schedule of quantitative information regarding Level 3 fair value measurements inputs

At

March 5, 2021

 

(Initial

At

 

Measurement)

June 30, 2021

Stock price

    

$

9.78

$

9.90

Strike price

$

11.50

$

11.50

Volatility

14.9

%

25.2

%

Risk-free rate

0.87

%

0.84

%

Probability of Business Combination occurring

75

%

75

%

Dividend yield

0.0

%

0.0

%

Fair value of private warrants

$

0.90

$

1.64

Fair Value of public warrants

1.64

3.09

Schedule of change in the fair value of the warrant liabilities

    

Warrant Liabilities

Fair value as of March 5, 2021 (Initial Measurement)

$

91,800

Change in valuation inputs or other assumptions

 

9,180

Fair value as of March 31, 2021

82,620

Change in valuation inputs or other assumptions

232,560

Fair value as of June 30, 2021

$

315,180