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FAIR VALUE MEASUREMENTS (Tables)

5 Months Ended

Jun. 30, 2021

FAIR VALUE MEASUREMENTS

Schedule of Company's assets that are measured at fair value on a recurring basis

​

​	​	​	​	​	​
Description		Level		June 30, 2021
Assets:				​
Marketable securities held in Trust Account		1	​	$	150,000,246
​	​	​	​	​	​
Liabilities:				​	​
Warrant liability – Public Warrants	​	3	​	$	5,050,000
Warrant liability – Private Placement Warrants		3	​	​	5,407,500
​	​	​	​	​	10,457,500

Schedule of change in the fair value of the warrant liabilities

​

​	​	​	​	​	​	​	​	​	​
​	​	Private		​	​	​	​	Warrant
​		Placement			Public			Liabilities
Fair value as of February 12, 2021 (inception)	​	$	—	​	$	—	​	$	—
Initial measurement on June 11, 2021	​	​	5,092,500	​	​	4,750,000	​	​	9,842,500
Change in fair value	​	​	315,000	​	​	300,000	​	​	615,000
Fair value as of June 30, 2021		$	5,407,500	​	$	5,050,000	​	$	10,457,500

Schedule of quantitative information regarding Level 3 fair value measurements inputs

​

​	​	​	​	​	​	​	​
​	​	​	​	​	June 11, 2021		​
​	​	​	​	​	(Initial		​
​		June 30, 2021		​	Measurement)		​
Stock price		$	9.58	​	$	9.59	​
Exercise price	​	$	11.50	​	$	11.50	​
Expected term (in years)	​	​	5.0	​		5.0	​
Volatility	​	​	17.3	%	​	16.7	%
Risk-free rate	​	​	0.92	%		0.81	%
Dividend yield	​	​	0.0	%	​	0.0	%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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