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]  
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 June 30, 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     June 30, 2021     December 31, 2020  
Assets:                        
Marketable securities held in Trust Account     1     $ 13,543,086       13,545,503  
Liabilities:                        
Warrant Liability - Private Warrants     3       869,000          
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 June 30, 2021:

 

Input   June 30, 2021  
Risk-free interest rate     0.77 %
Dividend yield     0.00 %
Selected volatility     18.9 %
Exercise price   $ 11.50  
Market Stock Price   $ 10.31  
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 June 30, 2021   $ 869,000