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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of company's assets and liabilities that are measured at fair value on a recurring basis


		June 30,		December 31,
Description	Level	2021		2020
Assets:
Marketable securities held in Trust Account	1	$	115,015,688	$	115,006,613

Liabilities
Warrant liabilities – Private Placement Warrants	3	$	363,000	$	129,250

Schedule of quantitative information regarding Level 3 fair value measurements inputs


	At			As of
	December 31,			June 30,
	2020			2021
Stock price	$	9.54		$	9.93
Strike price	$	11.50		$	11.50
Volatility		17.5	%		35.6	%
Risk-free rate		0.41	%		0.84	%
Dividend yield		0.0	%		0.0	%
Fair value of warrants	$	0.94		$	2.64

Schedule of change in the fair value of the warrant liabilities


	Warrant Liabilities
Fair value as of December 31, 2020	$	129,250
Change in valuation inputs or other assumptions		233,750
Fair value as of June 30, 2021		363,000

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details