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Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities that are measured at fair value on a recurring basis by level within the fair value hierarchy
   Quoted
Prices in
Active
  

Significant

Other

Observable

  

Significant

Other

Unobservable

 
   Markets   Inputs   Inputs 
Description  (Level 1)   (Level 2)   (Level 3) 
Assets:               
Investments held in Trust Account - U.S. Treasury Securities  $116,789,638   $
      -
   $
-
 
Liabilities:               
Derivative warrant liabilities - Public  $2,817,500   $
-
   $
-
 
Derivative warrant liabilities - Private  $
-
   $
-
   $2,779,080 

 

   Quoted
Prices in
Active
  

Significant

Other

Observable

  

Significant

Other

Unobservable

 
   Markets   Inputs   Inputs 
Description  (Level 1)   (Level 2)   (Level 3) 
Assets:            
Investments held in Trust Account - U.S. Treasury Securities  $116,760,907   $
           -
   $
-
 
Liabilities:               
Derivative warrant liabilities - Public  $3,507,500   $
-
   $
-
 
Derivative warrant liabilities - Private  $
-
   $
-
   $3,635,450 

 

Schedule of provides quantitative information regarding Level 3 fair value measurements inputs at their measurement
   As of
June 30,
2021
   As of
December 31,
2021
 
Volatility   13%   8.4%
Stock price  $9.93   $10.01 
Probability of Business Combination   80%   100%
Expected life of the options to convert   5.46    5.46 
Risk-free rate   0.9%   1.3%
Dividend yield   0.0%   0.0%

 

Schedule of fair value of the derivative warrant liabilities
Derivative warrant liabilities - Level 3, at June 30, 2021 - Level 3  $3,635,450 
Change in fair value of derivative warrant liabilities, Level 3   (723,770)
Derivative warrant liabilities - Level 3, at September 30, 2021 - Level 3   2,911,680 
Change in fair value of derivative warrant liabilities, Level 3   (132,600)
Derivative warrant liabilities - Level 3, at December 31, 2021 - Level 3  $2,779,080