Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities that are measured at fair value on a recurring basis
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.
 
Description
  
Level
    
March 31, 2021
 
Liabilities:
     
Warrant Liability – Public Warrants
     1        5,692,500  
Warrant Liability – Private Placement Warrants
     3        125,125  
Warrant Liability – Underwriter Warrants
     3        20,000  
Summary of Change in the fair value of the warrant liabilities
The following table presents the changes in the fair value of warrant liabilities:
 
    
Private
Placement
    
Public
    
Warrant
Liabilities
 
Fair value as of January 1, 2021
   $ —        $ —        $ —    
Initial measurement on February 
12
, 2021 (including over-allotment)
     280,875        10,857,917        11,138,792  
Change in valuation inputs or other assumptions
   $ (135,750    $ (5,165,417    $ (5,301,167
  
 
 
    
 
 
    
 
 
 
Fair value as of March 31, 2021
   $ 145,125      $ 5,692,500      $ 5,837,625