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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis
Description  Level   June 30,
2021
   December 31,
2020
 
Assets:            
Marketable securities held in Trust Account   1   $229,788,742   $229,884,479 
                
Liabilities:               
Warrant Liability – Private Placement Warrants   3   $6,605,462   $630,224 
Convertible Promissory Notes – Related Party   3    480,400    
 

 

Schedule of model for the private placement warrants
Input  June 30,
2021
   December 31,
2020
 
Risk-free interest rate   0.83%   0.35%
Trading days per year   252    252 
Expected volatility   87.6%   17.4%
Exercise price  $11.50   $11.50 
Stock Price  $15.58   $10.00 

 

   June 30,
2021
 
Risk-free interest rate  $0.83%
Trading days per year  $252 
Expected volatility   87.6%
Exercise price  $11.50 
Stock Price  $15.58 
Probability of transaction   90.0%

 

Schedule of changes in the fair value of warrant liabilities
  Private
Placement
Warrants
 
Fair value as of January 1, 2021  $630,224 
Change in valuation inputs or other assumptions   5,975,238 
Fair value as of June 30, 2021  $6,605,462 

 

  Convertible
Promissory
Note
 
Fair value as of January 1, 2021  $
 
Proceeds received through Convertible Promissory Note   200,000 
Change in valuation inputs or other assumptions   280,400 
Fair value as of June 30, 2021  $480,400