Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

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 – U.S. Treasury securities	$	172,521,417	$	-	$	-
Liabilities:
Derivative warrant liabilities - Public	$	5,606,250	$	-	$	-
Derivative warrant liabilities - Private	$	-	$	-	$	3,152,500

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	$	172,511,212	$	-	$	-
Liabilities:
Derivative warrant liabilities - Public	$	-	$	-	$	9,249,400
Derivative warrant liabilities - Private	$	-	$	-	$	5,331,210

Schedule of quantitative information regarding level 3 fair value measurements

	As of September 30, 2021			As of December 31, 2020
Exercise price	$	11.50		$	11.50
Unit price	$	10.22		$	10.25
Volatility		10.55	%		17.70	%
Stock price	$	9.90		$	9.71
Expected life of the options to convert (years)		5.72			6.47
Risk-free rate		1.10	%		0.57	%

Schedule of changes in fair value of derivative warrant liabilities

Derivative warrant liabilities as of December 31, 2020	$	14,580,610
Transfer out of Level 3, Public Warrants start trading		(5,354,620	)
Change in fair value of derivative warrant liabilities		(6,206,630	)
Derivative warrant liabilities as of March 31, 2021		3,019,360
Change in fair value of derivative warrant liabilities – Private Warrants		860,640
Derivative warrant liabilities as of June 30, 2021 – Private Warrants		3,880,000
Change in fair value of derivative warrant liabilities		(727,500	)
Derivative warrant liabilities as of September 30, 2021 – Private Warrants	$	3,152,500