Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of fair value on recurring basis

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - U.S. Treasury Securities	$	116,769,606	$	-	$	-
Liabilities:
Derivative warrant liabilities - Public	$	2,587,500	$	-	$	-
Derivative warrant liabilities - Private	$	-	$	-	$	2,569,130

Schedule of fair value measurements

	As of December 15, 2020			As of December 31, 2020			As of March 31, 2021
Volatility		15-16.5	%		15-16.5	%		10-12	%
Stock price	$	10.00		$	10.00		$	9.83
Probability of Business Combination		80	%		80	%		80	%
Expected life of the options to convert		6.00			5.96			5.71
Risk-free rate		0.5	%		0.5	%		1.1	%
Dividend yield		0.0	%		0.0	%		0.0	%

Schedule of changes in the fair value of the derivative warrant liabilities

Derivative warrant liabilities at June 30, 2020	$	-
Issuance of Public and Private Warrants, Level 3 measurements		7,595,400
Transfer of Public Warrants to Level 1		-
Change in fair value of derivative warrant liabilities, Level 3		(184,000	)
Derivative warrant liabilities at December 31, 2020		7,411,400
Transfer of Public Warrants to Level 1		(2,461,000	)
Change in fair value of derivative warrant liabilities, Level 3		(2,381,270	)
Derivative warrant liabilities - Level 3, at March 31, 2021	$	2,569,130