Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Measurements [Abstract]

Assets Measured on Recurring Basis

The following table presents information about the Company’s assets and liabilities 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 – U.S. Treasury Securities Money Market Fund		1	$	93,838,960	$	174,542,012
Liabilities:
Private Placement Warrants		3	$	14,304,182	$	7,412,000
Public Warrants		1		18,198,750		11,643,750
Forward Purchase Agreement (FPA)		3		—		2,950,567

Key Inputs into Black-Scholes Model

The key inputs into the Modified Black-Scholes Model for the Private Placement Warrants were as follows at June 30, 2021 and December 31, 2020:

Input	June 30, 2021			December 31, 2020
Risk-free interest rate		0.91	%		0.40	%
Time to Maturity (Years)		5.25			5.29
Implied volatility		40.0	%		19.00	%
Exercise price	$	11.50		$	11.50
Implied Stock Price	$	10.08		$	10.25

Changes in Fair Value of Level 3 Warrant and FPA Liabilities

The following table presents the changes in the fair value of level 3 warrant and FPA liabilities:

	Forward Purchase Agreement			Private Placement Warrants
Fair value as of December 31, 2020	$	2,950,567		$	7,412,000
Change in fair value		—			9,588,092
Termination of FPA		(2,950,567	)		—
Fair value as of March 31, 2021		—		$	17,000,092
Change in fair value		—			(2,695,910	)
Fair value as of June 30, 2021	$	—		$	14,304,182