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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS [Abstract]  
Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2021 and 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description
 ​ ​
Level
 ​ ​
December 31,
2021
 ​ ​
December 31,
2020
Assets:
 ​ ​
 
 ​ ​
 
 ​ ​
 
Marketable securities held in Trust Account
 ​ ​
1
 ​ ​
$ 230,013,074
 ​ ​
$ 230,011,254
 
 ​ ​
 
 ​ ​
 
 ​ ​
 
Liabilities
 ​ ​
 
 ​ ​
 
 ​ ​
 
Warrant Liability – Public Warrants
 ​ ​
1
 ​ ​
6,210,000
 ​ ​
12,995,000
Warrant Liability – Private Warrants
 ​ ​
3
 ​ ​
178,750
 ​ ​
370,500
Key Inputs for Private Placement Warrants

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants were as follows at December 31, 2021 and 2020:
Input
 ​ ​
December 31,
2021
 ​ ​
December 31,
2020
Risk-free interest rate
 ​ ​
1.29%
 ​ ​
0.51%
Trading days per year
 ​ ​
250
 ​ ​
252
Expected volatility
 ​ ​
9.5%
 ​ ​
15.8%
Exercise price
 ​ ​
$ 11.50
 ​ ​
$ 11.50
Stock Price
 ​ ​
$ 9.96
 ​ ​
$ 10.08
Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of warrant liabilities:
 
 ​ ​
Private
Placement
 ​ ​
Public
 ​ ​
Warrant liabilities
Initial measurement on August 18, 2020 and over-allotment on August 20, 2020
 ​ ​
$ 377,000
 ​ ​
$ 13,225,000
 ​ ​
$ 13,602,000
Change in fair value
 ​ ​
(6,500)
 ​ ​
(230,000)
 ​ ​
(236,500)
December 31, 2020
 ​ ​
370,500
 ​ ​
12,995,000
 ​ ​
13,365,500
Change in fair value
 ​ ​
(191,750)
 ​ ​
(6,785,000)
 ​ ​
(6,976,750)
Fair value as of December 31, 2021
 ​ ​
$ 178,750
 ​ ​
$ 6,210,000
 ​ ​
$ 6,388,750