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 Assets Measured on Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description   Level     March 31, 2021     December 30, 2020  
Assets:                        
Marketable securities held in Trust Account     1     $ 13,542,749       13,545,503  
Liabilities:                        
Warrant Liability – Private Warrants     3       770,250          
Schedule of Binomial Lattice Model for Private Warrants

The key inputs into the binomial lattice model incorporating the Cox-Ross-Rubenstein methodology for the Private Warrants were as follows at March 31, 2021:

 

Input   March 31, 2021  
Risk-free interest rate     0.87 %
Dividend yield     0.00 %
Selected volatility     25.2 %
Exercise price   $ 11.50  
Market Stock Price   $ 10.27  
Schedule of Changes in Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of warrant liabilities for the period:

 

    Private  
         
Fair value as of March 31, 2021   $ 770,250