RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

9 Months Ended

Sep. 30, 2021

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS [Abstract]

Impact of Revision on Financial Statements

The impact of the restatement on the Company’s previously issued financial statements is reflected in the following table:

Balance Sheet as of March 31, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Class A common stock subject to possible redemption	$	181,604,250		$	25,494,690		$	207,098,940
Class A common stock	$	255		$	(255	)	$	—
Additional paid-in capital	$	8,095,726		$	(8,095,726	)	$	—
Accumulated deficit	$	(3,096,496	)	$	(17,398,709	)	$	(20,495,205	)
Total Stockholders’ Equity (Deficit)	$	5,000,003		$	(25,494,690	)	$	(20,494,687	)
Balance Sheet as of June 30, 2021 (unaudited)
Class A common stock subject to possible redemption	$	181,888,120		$	25,210,820		$	207,098,940
Class A common stock	$	252		$	(252	)	$	—
Additional paid-in capital	$	7,811,859		$	(7,811,859	)	$	—
Accumulated deficit	$	(2,812,622	)	$	(17,398,709	)	$	(20,211,331	)
Total Stockholders’ Equity (Deficit)	$	5,000,007		$	(25,210,820	)	$	(20,210,813	)

	As Previously Reported		Adjustment			As Restated
Statement of Cash Flows for the Three Months Ended March 31, 2021 (unaudited)
Change in value of Class A common stock subject to possible redemption	$	9,777,860	$	(9,777,860	)	$	—
Statement of Cash Flows for the Six Months Ended June 30, 2021 (unaudited)
Change in value of Class A common stock subject to possible redemption	$	10,061,730	$	(10,061,730	)	$	—
Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficit) March 31, 2021
Change in value of Class A common stock subject to redemption	$	9,777,860	$	(9,777,860	)	$	—
Total Stockholders’ Equity (Deficit)	$	5,000,003	$	(25,494,690	)	$	(20,494,687	)
Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficit) June 30, 2021
Change in value of Class A common stock subject to redemption	$	283,870	$	(283,870	)	$	—
Total Stockholders’ Equity (Deficit)	$	5,000,007	$	(25,210,820	)	$	(20,210,813	)

In connection with the change in presentation for the Class A common stock subject to redemption, the Company also restated its income (loss) per share calculated to allocate net income (loss) evenly to Class A and Class B common stock. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of common stock share pro rata in the income (loss) of the Company. The impact of this restatement on the Company’s financial statements is reflected in the following table:

	As Previously Reported			As Restated			As Previously Reported			As Restated			As Previously Reported			As Restated
	For the Three Months Ended			For the Three Months Ended			For the Three Months Ended			For the Three Months Ended			For the Six Months Ended			For the Six Months Ended
	March 31, 2021			March 31, 2021			June 30, 2021			June 30, 2021			June 30, 2021			June 30, 2021
Basic and diluted weighted average shares outstanding, Class A common stock			20,709,894			20,709,894			20,709,894			20,709,894			20,709,894			20,709,894
Basic and diluted net loss per share, Class A common stock		$	—		$	0.38		$	—		$	0.01		$	—		$	0.39
Basic and diluted weighted average shares outstanding, Class B common stock			5,177,474			5,177,474			5,177,474			5,177,474			5,177,474			5,177,474
Basic and diluted net loss per share, Class B common stock		$	1.88		$	0.38		$	0.05		$	0.01		$	1.94		$	0.39