XML 35 R23.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
6 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value on a 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 (1)

  $172,511,212   $         -   $- 
Liabilities:               
Derivative warrant liabilities  $-   $-   $14,580,610 
Schedule of quantitative information regarding Level 3 fair value measurements
   As of
December 18,
2020
   As of
December 31,
2020
 
Exercise price  $11.50   $11.50 
Unit price  $10.00   $10.25 
Volatility   16.90%   17.70%
Stock price  $9.52   $9.71 
Expected life of the options to convert (years)   6.50    6.47 
Risk-free rate   0.60%   0.57%
Schedule of changes in fair value of warrant liabilities
Derivative warrant liabilities as of June 18, 2020 (inception)   $ -  
Issuance of Public and Private Warrants on December 18, 2020 - Level 3     12,906,740  
Change in fair value of derivative warrant liabilities - Level 3     1,673,870  
Derivative warrant liabilities as of December 31, 2020 - Level 3   $ 14,580,610