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Description of Organization, Business Operations and Basis of Presentation (Tables)
 5 Months Ended 9 Months Ended
Dec. 31, 2020
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Schedule of Error Corrections and Prior Period Adjustments
The change in the carrying value of the redeemable shares of Class A common stock in the
Post-IPO
Balance Sheet resulted in a decrease of approximately $5.5 million in additional
paid-in
capital and an increase of approximately $18.5 million to accumulated deficit, as well as a reclassification of 2,355,182 shares of Class A common stock from permanent equity to temporary equity as presented below.
 
As of December 15, 2020:
  
As Previously
Reported
 
  
Adjustment
 
  
As Restated
 
Total assets
  
$
178,262,938
 
  
$
—  
 
  
$
178,262,938
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total liabilities
  
$
21,335,781
 
  
$
—  
 
  
$
21,335,781
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Class A common stock subject to possible redemption
  
 
151,927,148
 
  
 
24,022,852
 
  
 
175,950,000
 
Preferred stock
  
 
—  
 
  
 
—  
 
  
 
—  
 
Class A common stock
  
 
235
 
  
 
(235
) 
  
 
—  
 
Class B common stock
  
 
431
 
  
 
—  
 
  
 
431
 
Additional
paid-in
capital
  
 
5,510,215
 
  
 
(5,510,215
) 
  
 
—  
 
Accumulated deficit
  
 
(510,872
) 
  
 
(18,512,402
) 
  
 
(19,023,274
) 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total stockholders’ equity (deficit)
  
$
5,000,009
 
  
$
 (24,022,852
) 
  
$
(19,022,843
) 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)
  
$
 178,262,938
 
  
$
—  
 
  
$
178,262,938
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
As of December 31, 2020:
  
As Previously
Reported
 
  
Adjustment
 
  
As Restated
 
Total assets
   
$
 177,701,799
 
 
$
 —
  
 
 
$
 177,701,799
 
    
 
 
 
 
 
 
 
 
 
 
 
Total liabilities
   
$ 
 23,222,304
 
 
$ 
 —
 
 
$
 23,222,304
 
Class A common stock subject to possible redemption
      149,479,490       26,470,510       175,950,000  
Preferred stock
      —         —         —    
Class A common stock
      260       (260 )     —  
Class B common stock
      431       —         431  
Additional paid-in capital
      7,957,848       (7,957,848 )     —  
Accumulated deficit
      (2,958,534 )      (18,512,402 )      (21,470,936 ) 
    
 
 
    
 
 
    
 
 
  
Total stockholders’ equity (deficit)
  
$ 
 5,000,005
 
 
$
 (26,470,510
)
 
$
 (21,470,505
)
 
   
 
 
    
 
 
    
 
 
  
Total Liabilities, Class A Common Stock Subject to
Possible Redemption and Stockholders’ Equity
(Deficit)
  
$
 177,701,799
 
 
$
 —
 
 
$
 177,701,799
 
The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported balance sheet as of December 31, 2020:
The Company’s statement of stockholders’ equity has been restated to reflect the changes to the impacted stockholders’ equity accounts described above.
The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported statement of cash flows for the period from July 31, 2020 (inception) through December 31, 2020:
 
For the Period from July 31, 2020 (inception) through December 31, 2020
 
 
  
As Restated
 
  
Adjustment
 
  
As Restated
 
Supplemental Disclosure of Noncash Financing Activities:
  
      
  
      
  
      
Initial value of Class A common stock subject to
possible redemption
   
$
 165,443,398      
$
 (165,443,398 )  
$
  —    
Change in value of Class A common stock subject to possible redemption
    $ (15,963,908 )  
$
 15,963,908     $ —    
 
The impact to the reported amounts of weighted average shares outstanding and basic and diluted earnings per share is presented below for the period from July 31, 2020 (inception) through December 31, 2020:
 
 
  
Earnings Per Share for Class A Common Stock
 
  
As Previously Reported
 
  
Adjustment
 
  
As Restated
 
For the Period from July 31, 2020 (inception) through December 31, 2020
  
  
  
Net loss
  
$
 (2,958,534
) 
  
$
—  
 
  
$
 (2,958,534
) 
Weighted average shares outstanding
  
 
17,250,000
 
  
 
(15,170,213
) 
  
 
2,079,787
 
Basic and diluted earnings per share
  
$
0.00
 
  
$
(0.50
) 
  
$
(0.50
) 
 
 
  
Earnings Per Share for Class B Common Stock
 
  
As Previously Reported
 
  
Adjustment
 
  
As Restated
 
For the Period from July 31, 2020 (inception) through December 31, 2020
  
      
  
      
  
      
Net loss
  
$
 (2,958,534
) 
  
$
—  
 
  
$
 (2,958,534
) 
Weighted average shares outstanding
  
 
3,817,819
 
  
 
0
 
  
 
3,817,819
 
Basic and diluted earnings per share
  
$
(0.77
) 
  
$
 0.27
 
  
$
(0.50)
 
The impact of the restatement on the financial statements for the Affected Quarterly Periods is presented below.
The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported balance sheet as of March 31, 2021:
 
As of March 31, 2021
  
As Previously
Reported
 
  
Adjustment
 
 
As Restated
 
Total assets
  
$
177,267,667
 
  
$
—  
 
 
$
177,267,667
 
Total liabilities
  
$
16,708,174
 
  
$
—  
 
 
$
16,708,174
 
Class A common stock subject to possible redemption
  
 
155,559,486
 
  
 
20,390,514
 
 
 
175,950,000
 
Preferred stock
  
 
—  
 
  
 
—  
 
 
 
—  
 
Class A common stock
  
 
200
 
  
 
(200
) 
 
 
—  
 
Class B common stock
  
 
431
 
  
 
—  
 
 
 
431
 
Additional
paid-in
capital
  
 
1,877,912
 
  
 
(1,877,912
) 
 
 
—  
 
Retained Earnings (accumulated deficit)
  
 
3,121,464
 
  
 
(18,512,402
) 
 
 
(15,390,938
) 
Total stockholders’ equity (deficit)
  
$
5,000,007
 
  
$
(20,390,514
) 
 
$
(15,390,507
) 
Total Liabilities, Class A Common Stock Subject to Redemption and Stockholders’ Equity (Deficit)
  
$
177,267,667
 
  
$
—  
 
 
$
177,267,667
 
The Company’s statement of stockholders’ equity has been restated to reflect the changes to the impacted stockholders’ equity accounts described above.
The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported statement of cash flows for the three months ended March 31, 2021:
 
For the Three Months Ended March 31, 2021
 
 
  
As Reported
 
  
Adjustment
 
 
As
Restated
 
Supplemental Disclosure of Noncash Financing Activities:
  
      
  
      
 
      
Change in value of Class A common stock subject to possible redemption
  
$
6,079,996
 
  
$
(6,079,996
) 
 
$
—  
 
The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported balance sheet as of June 30, 2021:
 
As of June 30, 2021:
  
As Previously
Reported
 
 
Adjustment
 
 
As Restated
 
Total assets
  
$
176,891,038
 
 
$
—  
 
 
$
176,891,038
 
Total liabilities
  
$
27,989,326
 
 
$
—  
 
 
$
27,989,326
 
Class A common stock subject to possible redemption
  
 
143,901,702
 
 
 
32,048,298
 
 
 
175,950,000
 
Preferred stock
  
 
—  
 
 
 
—  
 
 
 
—  
 
Class A common stock
  
 
314
 
 
 
(314
) 
 
 
—  
 
Class B common stock
  
 
431
 
 
 
—  
 
 
 
431
 
Additional
paid-in
capital
  
 
13,535,582
 
 
 
(13,535,582
) 
 
 
—  
 
Retained earnings (accumulated deficit)
  
 
(8,536,317
) 
 
 
(18,512,402
) 
 
 
(27,048,719
) 
Total stockholders’ equity (deficit)
  
$
5,000,010
 
 
$
(32,048,298
) 
 
$
(27,048,288
) 
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)
  
$
176,891,038
 
 
$
—  
 
 
$
176,891,038
 
The Company’s statement of stockholders’ equity has been restated to reflect the changes to the impacted stockholders’ equity accounts described above.
The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported statement of cash flows for the six months ended June 30, 2021:
 
For the Six Months Ended June 30, 2021
 
 
  
As Reported
 
  
Adjustment
 
 
As
Restated
 
Supplemental Disclosure of Noncash Financing Activities:
  
      
  
      
 
      
Change in value of Class A common stock subject to possible redemption
  
$
5,577,788
 
  
$
(5,577,788
) 
 
$
—  
 
The impact to the reported amounts of weighted average shares outstanding and basic and diluted earnings per share is presented below for the Affected Quarterly Periods:
 
 
  
Earnings Per Share for Class A Common Stock
 
  
As Previously
Reported
 
 
Adjustment
 
 
As Restated
 
For the Three Months Ended March 31, 2021
  
      
 
      
 
      
Net income
  
$
6,079,998
 
 
$
—  
 
 
$
6,079,998
 
Weighted average shares outstanding
  
 
17,250,000
 
 
 
—  
 
 
 
17,250,000
 
Basic and diluted earnings per share
  
$
0.00
 
 
$
0.28
 
 
$
0.28
 
For the Three Months Ended June 30, 2021
  
      
 
      
 
      
Net loss
  
$
(11,657,781
) 
 
$
—  
 
 
$
(11,657,781
) 
Weighted average shares outstanding
  
 
17,250,000
 
 
 
—  
 
 
 
17,250,000
 
Basic and diluted earnings per share
  
$
0.00
 
 
$
(0.54
) 
 
$
(0.54
) 
For the Six Months Ended June 30, 2021
  
      
 
      
 
      
Net loss
  
$
(5,577,783
) 
 
$
—  
 
 
$
(5,577,783
) 
Weighted average shares outstanding
  
 
17,250,000
 
 
 
—  
 
 
 
17,250,000
 
Basic and diluted earnings per share
  
$
0.00
 
 
$
(0.26
) 
 
$
(0.26
) 
 
 
  
Earnings Per Share for Class B Common Stock
 
  
As Previously
Reported
 
 
Adjustment
 
 
As Restated
 
For the Three Months Ended March 31, 2021
  
      
 
      
 
      
Net income
  
$
6,079,998
 
 
$
—  
 
 
$
6,079,998
 
Weighted average shares outstanding
  
 
4,312,500
 
 
 
—  
 
 
 
4,312,500
 
Basic and diluted earnings per share
  
$
1.41
 
 
$
(1.13
) 
 
$
0.28
 
For the Three Months Ended June 30, 2021
  
      
 
      
 
      
Net loss
  
$
(11,657,781
) 
 
$
—  
 
 
$
(11,657,781
) 
Weighted average shares outstanding
  
 
4,312,500
 
 
 
—  
 
 
 
4,312,500
 
Basic and diluted earnings per share
  
$
(2.70
) 
 
$
2.16
 
 
$
(0.54
) 
For the Six Months Ended June 30, 2021
  
      
 
      
 
      
Net loss
  
$
(5,577,783
) 
 
$
—  
 
 
$
(5,577,783
) 
Weighted average shares outstanding
  
 
4,312,500
 
 
 
—  
 
 
 
4,312,500
 
Basic and diluted earnings per share
  
$
(1.29
) 
 
$
1.03
 
 
$
(0.26
)