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Fair Value Measurements (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Fair Value Disclosures [Abstract]    
Schedule of measured at fair value on a recurring basis

Description

 

Level

 

June 30,
2021

 

December 31, 2020

Assets:

     

 

   

 

 

Marketable securities held in Trust Account – U.S. Treasury Securities Money Market Fund

 

1

 

$

100,126,108

 

$

100,339,379

       

 

   

 

 

Liabilities:

     

 

   

 

 

Warrant liability – Public Warrants

 

1

 

 

5,750,000

 

 

7,250,000

Warrant liability – Private Placement Warrants

 

3

 

 

4,680,000

 

 

5,880,000

Description

 

Level

 

December 31,
2020

 

Level

 

December 31,
2019

Assets:

     

 

       

 

 

Marketable securities held in Trust Account – U.S. Treasury Securities Money Market Fund

 

1

 

$

100,339,379

 

1

 

$

100,154,572

       

 

       

 

 

Liabilities:

     

 

       

 

 

Warrant Liability – Public Warrants

 

1

 

 

7,250,000

 

3

 

 

4,000,000

Warrant Liability – Private Placement Warrants

 

3

 

 

5,880,000

 

3

 

 

3,240,000

Schedule of quantitative information regarding Level 3 fair value measurements

 

June 30,
2021

 

December 31,
2020

Stock price

 

$

9.94

 

 

$

10.01

 

Term to initial business combination (in years)

 

 

0.25

 

 

 

0.75

 

Volatilty

 

 

17.2

%

 

 

20.0

%

Risk-free rate

 

 

0.91

%

 

 

0.47

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

December 31,
2020

 

December 31,
2019

Stock price

 

10.01

 

 

$

9.67

 

Term to initial business combination (in years)

 

0.75

 

 

 

1.0

 

Volatility

 

20.0

%

 

 

11.5

%

Risk-free rate

 

0.47

%

 

 

1.76

%

Dividend yield

 

0.0

%

 

 

0.0

%

Schedule of changes in the fair value of Level 3 warrant liabilities

 

Private
Placement

 

Public

 

Level 3
Warrant
Liabilities

Fair value as of December 31, 2020

 

$

5,880,000

 

 

 

$

5,880,000

 

Change in fair value for the three months ended March 31, 2021

 

 

(2,560,000

)

 

 

 

(2,560,000

)

Fair value as of March 31, 2021

 

 

3,320,000

 

 

 

 

3,320,000

 

Change in fair value for the three months ended
June 30, 2021

 

 

1,360,000

 

 

 

 

1,360,000

 

Fair value as of June 30, 2021

 

$

4,680,000

 

 

 

$

4,680,000

 

 

Private
Placement

 

Public

 

Level 3
Warrant
Liabilities

Fair value as of August 13, 2019 (inception)

 

$

 

$

 

 

$

 

Initial measurement on November 22, 2019

 

 

3,080,000

 

 

3,800,000

 

 

 

6,880,000

 

Change in fair value

 

 

160,000

 

 

200,000

 

 

 

360,000

 

Fair value as of December 31, 2019

 

 

3,240,000

 

 

4,000,000

 

 

 

7,240,000

 

Change in fair value

 

 

2,640,000

 

 

(750,000

)

 

 

1,890,000

 

Transfer to Level 1

 

 

 

 

(3,250,000

)

 

 

(3,250,000

)

Fair value as of December 31, 2020

 

$

5,880,000

 

$

 

 

$

5,880,000