Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Measurement Of Assets And Liabilities Based On Hierarchy
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description Level September 30, 2021
Assets:
Investments held in the Trust Account 1  $ 155,255,316 
Liabilities:
Warrant liability—Public Warrants 1  $ 3,996,343 
Warrant liability—Private Placement Warrants 3  $ 7,320,738 
Schedule Of Assumptions Used In Estimating The Fair Value Of Warrants
The following table provides quantitative information regarding Level 3 fair value measurements:
As of September 30, 2021
Stock price $ 9.26
Strike price $ 11.50
Term (in years) 5.0
Volatility 40.00  %
Risk-free rate 1.13  %
Dividend yield 0.00  %
Summary of changes in the fair value of warrant liabilities
The following table presents the changes in the fair value of Level 3 warrant liabilities:
Private
Placement Warrants		 Public Warrants Warrant Liabilities
Fair value as of March 8, 2021 $ 6,091,858  $ 3,326,894  $ 9,418,752 
Change in valuation inputs or other assumptions 1,769,596  962,175  2,731,771 
Fair value of Warrants transferred out of Level 3 —  (4,289,069) (4,289,069)
Fair value of Level 3 warrant liabilities as of June 30, 2021 7,861,454  —  7,861,454 
Change in valuation inputs or other assumptions (540,716) —  (540,716)
Fair value of Level 3 warrant liabilities as of September 30, 2021 7,320,738  —  7,320,738