Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (FY) (Tables)

v3.21.4
FAIR VALUE MEASUREMENTS (FY) (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
FAIR VALUE MEASUREMENTS    
Schedule of Company's assets that are measured at fair value on a recurring basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
 
 
       
September 30,
   
December 31,
 
Description
 
Level
   
2021
   
2020
 
Assets:
                 
Marketable securities held in Trust Account
   
1
   
$
230,008,192
   
$
230,011,254
 
 
                       
Liabilities
                       
Warrant Liability – Public Warrants
   
1
     
9,890,000
     
12,995,000
 
Warrant Liability – Private Warrants
   
3
     
286,000
     
370,500
 
Description
 
Level
   
December 31,
2020
   
December 31,
2019
 
Assets:
                 
Marketable securities held in Trust Account
   
1
   
$
230,011,254
   
$
 
                         
Liabilities:
                       
Warrant Liability – Public Warrants
   
1
     
12,995,000
         
Warrant Liability – Private Placement Warrants
   
3
     
370,500
         
Schedule of significant inputs to the Monte Carlo Simulation for the fair value

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants were as follows at December 31, 2020 and September 30, 2021:

Input
 
September 30, 2021
   
December 31, 2020
 
Risk-free interest rate
 
1.04
%
   
0.51
%
Trading days per year
   
250
     
252
 
Expected volatility
   
14.0
%
   
15.8
%
Exercise price
 
$
11.50
   
$
11.50
 
Stock Price
 
$
9.91
   
$
10.08
 

Input
 
August 13,
2020
   
September 30, 2020
   
December 31, 2020
 
Risk-free interest rate
   
0.42
%
   
0.38
%
   
0.51
%
Trading days per year
   
252
     
252
     
252
 
Expected volatility
   
20.6
%
   
20.4
%
   
15.8
%
Exercise price
 
$
11.50
   
$
11.50
   
$
11.50
 
Stock Price
 
$
9.43
   
$
9.41
   
$
10.08
 
Schedule of changes in the fair value of warrant liabilities

The following table presents the changes in the fair value of warrant liabilities:

 
 
Private Placement
   
Public
   
Warrant liabilities
 
December 31, 2020
 
$
370,500
   
$
12,995,000
   
$
13,365,500
 
Change in fair value
   
(133,250
)
   
(4,715,000
)
   
(4,848,250
)
Fair value as of March 31, 2021
   
237,250
     
8,280,000
     
8,517,250
 
Change in fair value
   
84,500
     
2,645,000
     
2,729,500
 
Fair value as of June 30, 2021
   
321,750
     
10,925,000
     
11,246,750
 
Change in fair value
   
(35,750
)
   
(1,035,000
)
   
(1,070,750
)
Fair value as of September 30, 2021
 
$
286,000
   
$
9,890,000
   
$
10,176,000
 

   
Private
Placement
   
Public
   
Warrant
Liabilities
 
Fair value as of December 23, 2019 (inception)
 
$
   
$
   
$
 
Initial measurement on August 18, 2020 and over-allotment on August 20, 2020
   
377,000
     
13,225,000
     
13,602,000
 
Change in valuation inputs or other assumptions
   
(6,500
)
   
(230,000
)
   
(236,500
)
Fair value as of December 31, 2020
 
$
370,500
   
$
12,995,000
   
$
13,365,500