Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Summary of Significant Accounting Policies [Abstract]

Change in Fair Value of Warrant Liability

The Warrant Liability is remeasured to its fair value at each reporting period and upon settlement. The change in fair value is recognized in revaluation of warrant liability on the consolidated statements of operations. The change in fair value of the warrant liability is as follows:

	Warrant Liability
Estimated fair value at February 4, 2021	$	33,116,321
Change in estimated fair value	$	(15,833,334	)
Estimated fair value at September  30, 2021	$	17,282,987

Fair Value Measurements Input

The following table provides quantitative information regarding Level 3 fair value measurement inputs as of their measurement date September 30, 2021:

Stock price	$	8.70
Exercise price (strike price)	$	11.50
Risk-free interest rate		0.83	%
Volatility		67.30	%
Remaining term (in years)		4.34