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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
9 Months Ended
Sep. 30, 2021
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS [Abstract]  
Restatement to Prior Period Financial Statements

The impact of the restatement on the Company’s 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
 
$
218,816,690
   
$
22,683,310
   
$
241,500,000
 
Class A common stock
 
$
227
   
$
(227
)
 
$
 
Additional paid-in capital
 
$
   
$
   
$
 
Accumulated deficit
 
$
4,999,177
   
$
(22,683,083
)
 
$
(17,683,906
)
Total Stockholders’ Equity (Deficit)
 
$
5,000,008
   
$
(22,683,310
)
 
$
(17,683,302
)
Number of Class A shares subject to possible redemption
   
21,881,669
     
2,268,331
     
24,150,000
 

Balance Sheet as of June 30, 2021 (unaudited)
Class A common stock subject to possible redemption
 
$
214,987,140
   
$
26,512,860
   
$
241,500,000
 
Class A common stock
 
$
265
   
$
(265
)
 
$
 
Additional paid-in capital
 
$
3,049,852
   
$
(3,049,852
)
 
$
 
Accumulated deficit
 
$
1,949,289
   
$
(23,462,743
)
 
$
(21,513,454
)
Total Stockholders’ Equity (Deficit)
 
$
5,000,010
   
$
(26,512,860
)
 
$
(21,512,850
)
Number of Class A shares subject to possible redemption
   
21,498,714
     
2,651,286
     
24,150,000
 

Statement of Operations for the Three Months Ended March 31, 2021 (unaudited)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption
   
24,150,000
     
(24,150,000
)
   

 
Basic and diluted net income per share, Common stock subject to possible redemption
 
$
    $    
$
 
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
   
5,783,750
     
(5,783,750
)
   
 
Basic and diluted net income per share, Non-redeemable common stock
 
$
1.00
   
$
(1.00
)
  $  
Basic and diluted weighted average shares outstanding, Class A common stock
   
   
$
16,368,333
   
$
16,368,333
 
Basic and diluted net income per share, Class A common stock
 
$
   
$
0.26
   
$
0.26
 
Basic and diluted weighted average shares outstanding, Class B common stock
   
     
5,783,750
     
5,783,750
 
Basic and diluted net income per share, Class B common stock
 
$
   
$
0.26
   
$
0.26
 

Statement of Operations for the Three Months Ended June 30, 2021 (unaudited)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption
   
24,150,000
     
(24,150,000
)
   
 
Basic and diluted net income per share, Common stock subject to possible redemption
 
$
   
$
   
$
 
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
   
6,037,500
     
(6,037,500
)
   
 
Basic and diluted net income per share, Non-redeemable common stock
 
$
(0.63
)
 
$
0.63
    $  
Basic and diluted weighted average shares outstanding, Class A common stock
   
   
$
24,150,000
   
$
24,150,000
 
Basic and diluted net income per share, Class A common stock
 
$
   
$
(0.13
)
 
$
(0.13
)
Basic and diluted weighted average shares outstanding, Class B common stock
   
     
6,037,500
     
6,037,500
 
Basic and diluted net income per share, Class B common stock
 
$
   
$
(0.13
)
 
$
(0.13
)

Statement of Operations for the Six Months Ended June 30, 2021 (unaudited)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption
   
24,150,000
     
(24,150,000
)
   
 
Basic and diluted net income per share, Common stock subject to possible redemption
 
$
   
$
   
$
 
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
   
5,911,326
     
(5,911,326
)
   
 
Basic and diluted net income per share, Non-redeemable common stock
 
$
0.33
   
$
(0.33
)
  $  
Basic and diluted weighted average shares outstanding, Class A common stock
   
   
$
20,280,663
   
$
20,280,663
 
Basic and diluted net income per share, Class A common stock
 
$
   
$
0.07
   
$
0.07
 
Basic and diluted weighted average shares outstanding, Class B common stock
   
     
5,911,326
     
5,911,326
 
Basic and diluted net income per share, Class B common stock
 
$
   
$
0.07
     
0.07
 

Statement of Changes in Shareholders’ Equity (Deficit) for the Three Months Ended March 31, 2021 (Unaudited)
Sale of 24,150,000 Units, net of underwriting discounts, offering costs and warrant liability
 
$
218,012,861
   
$
(218,012,861
)
 
$
 
Class A common stock subject to possible redemption
 
$
(218,816,690
)
 
$
218,816,690
   
$
 
Accretion for Class A common stock to redemption amount
 
$
   
$
(23,487,139
)
 
$
(23,487,139
)
Total Stockholders’ Equity (Deficit)
 
$
5,000,008
   
$
(22,683,310
)
 
$
(17,683,302
)

Statement of Changes in Shareholders’ Equity (Deficit) for the Three Months Ended June 30, 2021 (Unaudited)
Change in value of Class A common stock subject to possible redemption
 
$
3,829,550
   
$
(3,829,550
)
 
$
 
Total Stockholders’ Equity (Deficit)
 
$
5,000,010
   
$
(26,512,860
)
 
$
(21,512,850
)

Statement of Cash Flows for the Three Months Ended March 31, 2021 (Unaudited)
Non-Cash investing and financial activities:
Initial classification of Class A common stock subject to possible redemption
 
$
208,954,220
   
$
(208,954,220
)
 
$
 
Change in value of Class A common stock subject to possible redemption
 
$
9,862,470
   
$
(9,862,470
)
 
$
 

Statement of Cash Flows for the Three Months Ended June 30, 2021 (Unaudited)

Non-Cash investing and financial activities:
Initial classification of Class A common stock subject to possible redemption
 
$
208,954,220
   
$
(208,954,220
)
 
$
 
Change in value of Class A common stock subject to possible redemption
 
$
6,032,920
   
$
(6,032,920
)
 
$