Itiquira Acquisition (ITQ) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 16, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Entity File Number	001-39986
Entity Registrant Name	ITIQUIRA ACQUISITION CORP.
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	430 Park Avenue, Suite 202
Entity Address, City or Town	New York
Entity Address State Or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	646
Local Phone Number	350-0341
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Entity Central Index Key	0001805508
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Transition Report	false
Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
Document Information [Line Items]
Title of 12(b) Security	Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant
Trading Symbol	ITQRU
Security Exchange Name	NASDAQ
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A ordinary shares included as part of the units
Trading Symbol	ITQ
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		23,000,000
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
Document Information [Line Items]
Title of 12(b) Security	Redeemable warrants included as part of the units
Trading Symbol	ITQRW
Security Exchange Name	NASDAQ
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,750,000

CONDENSED BALANCE SHEET

CONDENSED BALANCE SHEET - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 779,495	$ 131,877
Prepaid expenses	742,412
Total current assets	1,521,907	131,877
Investments held in Trust Account	230,011,037
Deferred offering costs associated with initial public offering		262,928
Total Assets	231,532,944	394,805
Current liabilities:
Accounts payable	27,480	4,362
Accounts payable - related party	1,164
Accrued expenses	204,042	78,528
Note payable - related party		316,289
Total current liabilities	232,686	399,179
Deferred underwriting commissions	8,050,000
Derivative warrant liabilities	15,402,000
Total liabilities	23,684,686	399,179
Commitments and Contingencies
Class A ordinary shares, $0.0001 par value; 20,284,825 and -0- shares subject to possible redemption at $10.00 per share at June 30, 2021 and December 31, 2020, respectively	202,848,250
Shareholders' Equity (Deficit):
Preference shares, $0.0001 par value 1,000,000 shares authorized none issued and outstanding
Additional paid-in capital	3,742,277	24,425
Retained earnings (accumulated deficit)	1,256,884	(29,374)
Total shareholders' equity (deficit)	5,000,008	(4,374)
Total Liabilities and Shareholders' Equity (Deficit)	231,532,944	394,805
Class A Common Stock
Shareholders' Equity (Deficit):
Ordinary shares	272
Class B Common Stock
Shareholders' Equity (Deficit):
Ordinary shares	$ 575	$ 575

CONDENSED BALANCE SHEET (Parent

CONDENSED BALANCE SHEET (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Preferred stock, par value, (per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A Common Stock
Common shares, par value, (per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	200,000,000	200,000,000
Common shares, shares issued	2,715,175	0
Common shares, shares outstanding	2,715,175	0
Class A Common Stock Subject to Redemption
Temporary stock, par value, (per share)	$ 0.0001	$ 0.0001
Temporary equity, shares outstanding	20,284,825	0
Ordinary shares, redemption value per share | $ / shares	$ 10	$ 10
Class B Common Stock
Common shares, par value, (per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	20,000,000	20,000,000
Common shares, shares issued	5,750,000	5,750,000
Common shares, shares outstanding	5,750,000	5,750,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended	4 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021
General and administrative expenses	$ 189,722	$ 22,305	$ 383,160
General and administrative expenses - related party	30,000	10,000	50,000
Income (loss) from operations	(219,722)	(22,305)	(433,160)
Other income (expense)
Change in fair value of derivative warrant liabilities	1,925,000		2,353,000
Offering costs - derivative warrant liabilities			(644,619)
Income (loss) on investments held in Trust Account	(868)		11,037
Net income (loss)	$ 1,704,410	$ (22,305)	$ 1,286,258
Class A Common Stock Subject to Redemption
Other income (expense)
Basic net loss per common share	$ 0	$ 0	$ 0
Weighted average shares outstanding, basic	20,116,257		20,106,851
Diluted net loss per common share	$ 0		$ 0
Weighted average shares outstanding, diluted	20,116,257		20,106,851
Non-redeemable ordinary shares
Other income (expense)
Net income (loss)	$ 1,704,410	$ (22,305)	$ 1,286,258
Basic net loss per common share	$ 0.20	$ 0	$ 0.16
Weighted average shares outstanding, basic	8,633,743	5,000,000	7,878,289
Diluted net loss per common share	$ 0.20	$ 0	$ 0.16
Weighted average shares outstanding, diluted	8,633,743	5,000,000	7,878,289

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Class A Common StockCommon Stock	Class B Common StockCommon Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Total
Balance at the beginning at Feb. 16, 2020	$ 0	$ 0	$ 0	$ 0	$ 0
Balance at the beginning (in shares) at Feb. 16, 2020	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class B ordinary shares to Sponsor		$ 575	24,425		25,000
Issuance of Class B ordinary shares to Sponsor (in shares)		5,750,000
Net loss				(22,305)	(22,305)
Balance at the end at Jun. 30, 2020		$ 575	24,425	(22,305)	2,695
Balance at the end (in shares) at Jun. 30, 2020		5,750,000
Balance at the beginning at Mar. 31, 2020		$ 575	24,425	(22,328)	2,672
Balance at the beginning (in shares) at Mar. 31, 2020		5,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss				23	23
Balance at the end at Jun. 30, 2020		$ 575	24,425	(22,305)	2,695
Balance at the end (in shares) at Jun. 30, 2020		5,750,000
Balance at the beginning at Dec. 31, 2020		$ 575	24,425	(29,374)	(4,374)
Balance at the beginning (in shares) at Dec. 31, 2020		5,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross	$ 2,300		218,842,700	0	$ 218,845,000
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross (Shares)	23,000,000				3,000,000
Offering costs			(12,278,626)	0	$ (12,278,626)
Class A ordinary shares subject to possible redemption	$ (2,028)		(202,846,222)	0	(202,848,250)
Class A ordinary shares subject to possible redemption (Shares)	(20,284,825)
Net loss			0	1,286,258	1,286,258
Balance at the end at Jun. 30, 2021	$ 272	$ 575	3,742,277	1,256,884	5,000,008
Balance at the end (in shares) at Jun. 30, 2021	2,715,175	5,750,000
Balance at the beginning at Mar. 31, 2021	$ 289	$ 575	5,446,670	(447,526)	5,000,008
Balance at the beginning (in shares) at Mar. 31, 2021	2,885,616	5,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Class A ordinary shares subject to possible redemption	$ (17)		(1,704,393)		(1,704,410)
Class A ordinary shares subject to possible redemption (Shares)	(170,441)
Net loss				1,704,410	1,704,410
Balance at the end at Jun. 30, 2021	$ 272	$ 575	$ 3,742,277	$ 1,256,884	$ 5,000,008
Balance at the end (in shares) at Jun. 30, 2021	2,715,175	5,750,000

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS - USD ($)	4 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021
Cash Flows from Operating Activities:
Net income (loss)	$ (22,305)	$ 1,286,258
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
General and administrative expenses paid by related party	10,000	50,000
Change in fair value of derivative warrant liabilities		(2,353,000)
Offering costs - derivative warrant liabilities		644,619
Income from investments held in Trust Account		(11,037)
Changes in operating assets and liabilities:
Prepaid expenses		(742,412)
Accounts payable	12,328	23,118
Accounts payable - related party		1,164
Accrued expenses		45,332
Net cash provided by (used in) operating activities	23	(1,105,958)
Cash Flows from Investing Activities:
Cash deposited in Trust Account		(230,000,000)
Net cash used in investing activities		(230,000,000)
Cash Flows from Financing Activities:
Proceeds from issuance of Class B ordinary shares to Sponsor	25,000
Repayment of note payable to related party		(316,289)
Proceeds received from initial public offering, gross		230,000,000
Proceeds received from the sale of private placement warrants to Sponsor		6,600,000
Offering costs paid		(4,530,135)
Net cash provided by financing activities	25,000	231,753,576
Net change in cash	25,023	647,618
Cash - beginning of the period		131,877
Cash - end of the period	25,023	779,495
Supplemental disclosure of noncash activities:
Offering costs included in accounts payable	$ 133,875
Offering costs included in accrued expenses		80,183
Deferred underwriting commissions		8,050,000
Initial value of Class A ordinary shares subject to possible redemption		(200,899,210)
Change in the initial value of Class A ordinary shares subject to possible redemption		$ (1,949,040)

Description of Organization and

Description of Organization and Business Operations	6 Months Ended
	Jun. 30, 2021
Description of Organization and Business Operations
Description of Organization and Business Operations	Note 1 — Description of Organization and Business Operations Itiquira Acquisition Corp. (the “Company”) is a newly organized blank check company incorporated as a Cayman Islands exempted company on February 17, 2020. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies. As of June 30, 2021, the Company had not commenced any operations. All activity for the period from February 17, 2020 (inception) through June 30, 2021 relates to the Company’s formation and the initial public offering (the “Initial Public Offering”) described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on its investments held in the trust account from the proceeds of its Initial Public Offering. The Company’s sponsor is Itiquira Partners I, a Cayman Islands exempted company (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on February 3, 2021. On February 8, 2021, the Company consummated its Initial Public Offering of 23,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units being offered, the “Public Shares”), which includes 3,000,000 additional Units to cover over-allotments (the “Over-Allotment Units”), at $10.00 per Unit, generating gross proceeds of $230.0 million, and incurring offering costs of approximately $12.9 million, of which approximately $8.1 million was for deferred underwriting commissions (Notes 2 and 5). Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 6,600,000 warrants (each, a “Private Placement Warrant” and collectively, the “Private Placement Warrants”), at a price of $1.00 per Private Placement Warrant with the Sponsor, generating gross proceeds of $6.6 million (Notes 4 and 6). Upon the closing of the Initial Public Offering and the Private Placement, $230.0 million ($10.00 per Unit) of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement were placed in a trust account (“Trust Account”), located in the United States, with Continental Stock Transfer & Trust Company acting as trustee, and invested by the trustee only in U.S. government treasury securities with a maturity of 180 days or less or in money market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 of the Investment Company Act of 1940, as amended (the “Investment Company Act”), as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account as described below. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Company will provide its holders of its Public Shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.00 per Public Share). The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 5). These Public Shares will be classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity” (“ASC 480”). In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and a majority of the shares voted are voted in favor of the Business Combination. If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association (the “Amended and Restated Memorandum and Articles of Association”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of the transactions is required by law, or the Company decides to obtain shareholder approval for business or legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction. If the Company seeks shareholder approval in connection with a Business Combination, the initial shareholders (as defined below) agreed to vote their Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the initial shareholders agreed to waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of a Business Combination. Notwithstanding the foregoing, the Amended and Restated Memorandum and Articles of Association will provide that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company. The Sponsor and the Company’s officers and directors agreed not to propose an amendment to the Amended and Restated Memorandum and Articles of Association (a) that would modify the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination within 24 months from the closing of the Initial Public Offering, or February 8, 2023, (the “Combination Period”) or during any shareholder-approved extension period or (b) with respect to any other provision relating to shareholders’ rights or pre-initial Business Combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Class A ordinary shares in conjunction with any such amendment. If the Company is unable to complete a Business Combination within the Combination Period and the Company’s shareholders have not amended the Amended and Restated Memorandum and Articles of Association to extend such Combination Period, the Company will (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (less up to $100,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, liquidate and dissolve, subject in each case, to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. The Sponsor and the other holders of the Founder Shares (the “initial shareholders”) agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or members of the Company’s management team acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters agreed to waive their rights to its deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Liquidity and capital resources As of June 30, 2021, the Company had approximately $0.8 million in its operating bank account, and working capital of approximately $1.3 million. The Company’s liquidity needs to date have been satisfied through a capital contribution of $25,000 from the Sponsor to purchase the Founder Shares (as defined in Note 4), the loan of approximately $0.3 million from the Sponsor pursuant to the Note (as defined in Note 4), and the proceeds from the consummation of the Private Placement not held in the Trust Account. The Company repaid the Note in full on February 8, 2021. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans (as defined in Note 4). As of June 30, 2021, there were no amounts outstanding under any Working Capital Loan. Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity from the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination. ​

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of the balances and results for the periods presented. Operating results for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021. The accompanying unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on February 4, 2021. Use of Estimates The preparation of unaudited condensed financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s unaudited condensed financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of June 30, 2021 and December 31, 2020. Investments Held in Trust Account The Company’s portfolio of investments is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities and generally have a readily determinable fair value, or a combination thereof. When the Company’s investments held in the Trust Account are comprised of U.S. government securities, the investments are classified as trading securities. When the Company’s investments held in the Trust Account are comprised of money market funds, the investments are recognized at fair value. Trading securities and investments in money market funds are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in income on investments held in the Trust Account in the accompanying unaudited condensed statement of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers consist of: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. As of June 30, 2021 and December 31, 2020, the carrying values of cash, prepaid expense, accounts payable, accounts payable to related party, accrued expenses and note payable to related party approximate their fair values due to the short-term nature of the instruments. Derivative warrant liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period. The 11,500,000 Offering Costs Associated with the Initial Public Offering Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs are allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred, presented as non-operating expenses in the statement of operations. Offering costs associated with the Class A ordinary shares were charged to shareholders’ equity (deficit) upon the completion of the Initial Public Offering. For the six months ended June 30, 2021, of the total offering costs of the Initial Public Offering, approximately $0.6 million is included in offering costs - derivative warrant liabilities in the unaudited condensed statements of operations and approximately $12.3 million is included in the unaudited condensed statements of changes in shareholders’ equity (deficit). Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, Class A ordinary shares are classified as shareholders’ equity (deficit). The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, as of June 30, 2021, 20,284,825 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity (deficit) section of the Company’s unaudited condensed balance sheet. As of December 31, 2020, there were no shares of Class A ordinary shares subject to possible redemption. Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes,” which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of June 30, 2021. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of June 30, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. Net Income (loss) per Ordinary Shares Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted-average number of ordinary shares outstanding during the periods. The Company’s unaudited condensed statements of operations includes a presentation of income (loss) per share for ordinary shares subject to possible redemption in a manner similar to the two-class method of income (loss) per ordinary share. Net income (loss) per ordinary share, basic and diluted, for Class A ordinary shares subject to possible redemption is calculated by dividing the proportionate share of income or loss from investments held in Trust Account, net of applicable income taxes, if any, by the weighted average number of Class A ordinary shares subject to possible redemption outstanding for the period. Net income (loss) per ordinary share, basic and diluted, for non-redeemable ordinary shares is calculated by dividing the net income (loss), adjusted for income or loss from investment attributable to Class A ordinary shares subject to possible redemption, by the weighted average number of non-redeemable ordinary shares outstanding for the period. Non-redeemable ordinary shares include Founder Shares and non-redeemable shares of Class A ordinary shares as these shares do not have any redemption features. Non-redeemable ordinary shares participate in the income or loss from investments based on non-redeemable shares’ proportionate interest. The following table reflects the calculation of basic and diluted net income (loss) per ordinary share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ From February ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17, 2020 ​ ​ ​ ​ ​ ​ For the Six ​ (Inception) ​ ​ Three Months Ended ​ Months Ended ​ Through ​ ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Earnings allocable to ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from investments held in Trust Account ​ $ (677) ​ $ — ​ $ 9,734 ​ $ — Less: Company's portion available to be withdrawn to pay taxes ​ ​ — ​ ​ — ​ — ​ — Net income (loss) attributable to Class A ordinary shares subject to possible redemption ​ $ (677) ​ $ — ​ $ 9,734 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: Weighted average Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption ​ ​ 20,116,257 ​ ​ — ​ ​ 20,106,851 ​ ​ — Basic and diluted net income (loss) per ordinary share, Class A ordinary shares subject to possible redemption ​ $ 0.00 ​ $ — ​ $ 0.00 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-redeemable ordinary shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Net income (loss) minus net income allocable to Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 1,704,410 ​ $ 23 ​ $ 1,286,258 ​ $ (22,305) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) allocable to Class A ordinary shares subject to possible redemption ​ ​ (677) ​ ​ — ​ ​ 9,734 ​ ​ — Non-redeemable net income (loss) ​ $ 1,705,087 ​ $ 23 ​ $ 1,276,524 ​ $ (22,305) Denominator: weighted average non-redeemable ordinary shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares ​ ​ 8,633,743 ​ ​ 5,000,000 ​ ​ 7,878,289 ​ ​ 5,000,000 Basic and diluted net income (loss) per ordinary share, non-redeemable ordinary shares ​ $ 0.20 ​ $ 0.00 ​ $ 0.16 ​ $ 0.00 ​ Recent Issued Accounting Standards In August 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-06, Debt—Debt with Conversion and Other Options and Derivatives and Hedging—Contracts in Entity’s Own Equity : Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity 06 on January 28, 2021 using a modified retrospective method for transition. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows. The Company’s management does not believe that any other recently issued, but not yet effective, accounting standards updates, if currently adopted, would have a material effect on the accompanying unaudited condensed financial statements.

Initial Public Offering

Initial Public Offering	6 Months Ended
	Jun. 30, 2021
Initial Public Offering.
Initial Public Offering	Note 3 — Initial Public Offering On February 8, 2021, the Company consummated its Initial Public Offering of 23,000,000 Units, which includes 3,000,000 Over-Allotment Units, at $10.00 per Unit, generating gross proceeds of $230.0 million, and incurring offering costs of approximately $12.9 million, of which approximately $8.1 million was for deferred underwriting commissions. Certain investors in the Sponsor purchased an aggregate of 2,000,000 Units (the “Affiliated Units”) in the Initial Public Offering at the same price as offered in the Initial Public Offering. The underwriters did not receive any underwriting discount or commission on the Affiliated Units. Each Unit consists of one Class A ordinary share and one

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions
Related Party Transactions	Note 4 — Related Party Transactions Founder Shares In February 2020, the Sponsor purchased 5,750,000 Class B ordinary shares, par value $0.0001, (the “Founder Shares”), for an aggregate price of $25,000. On January 26, 2021, the Sponsor transferred 30,000 Founder Shares to each of the Company’s independent director nominees for their service as independent directors at a purchase price of $0.004 per share. The initial shareholders agreed to forfeit up to an aggregate of 750,000 Founder Shares, on a pro rata basis, to the extent that the over-allotment option was not exercised in full by the underwriters, so that the Founder Shares would represent 20.0% of the Company’s issued and outstanding shares after the Initial Public Offering. On February 8, 2021, the underwriter fully exercised its over-allotment option; thus, these 750,000 Founder Shares are no longer subject to forfeiture. The initial shareholders agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination and (B) the date on which the Company consummates a liquidation, merger, amalgamation, share exchange, reorganization, or other similar transaction after the initial Business Combination that results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the last reported sale price of the Company’s Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 30 Private Placement Warrants Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of 6,600,000 Private Placement Warrants, at a price of $1.00 per Private Placement Warrant with the Sponsor, generating gross proceeds of $6.6 million. Each whole Private Placement Warrant is exercisable for one Class A ordinary share at a price of $11.50 per share. Certain proceeds from the Private Placement Warrants was added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees. The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination. Related Party Loans On February 27, 2020, the Sponsor agreed to loan the Company pursuant to a promissory note, which was later amended on December 21, 2020 and December 28, 2020 (as amended, the “Note”), an aggregate of up to $400,000 to cover expenses related to the Initial Public Offering. The Note was non-interest bearing and was due and payable upon closing of the Initial Public Offering. As of December 31, 2020, the Company borrowed approximately $0.3 million under the Note. The Company repaid the Note in full on February 8, 2021. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. As of June 30, 2021 and December 31, 2020, there were no Working Capital Loans outstanding. Administrative Support Agreement Commencing on the date that the Company’s securities were first listed on the New York Stock Exchange, the Company agreed to pay an affiliate of the Sponsor a total of $10,000 per month for office space, administrative and support services. Upon completion of the Initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The Company incurred $30,000 and $50,000 in such fees included as general and administrative expenses to related party on the accompanying unaudited condensed statements of operations for the three and six months ended June 30, 2021, respectively. As of June 30, 2021 and December 31, 2020, the Company had no balance outstanding for services in connection with such agreement on the accompanying condensed balance sheets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	Note 5 — Commitments and Contingencies Registration Rights The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, were entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares into Class A ordinary shares) pursuant to a registration rights agreement signed upon consummation of the Initial Public Offering. These holders were entitled to certain demand and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriters a 45-day option from the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at the Initial Public Offering price less the underwriting discounts and commissions. On February 8, 2021, the underwriter fully exercised its over-allotment option. The underwriters were entitled to an underwriting discount of $0.20 per unit, or $4.2 million in the aggregate, paid upon the closing of the Initial Public Offering. The underwriters did not receive any underwriting discount or commission on the Affiliated Units. In addition, $0.35 per unit, or approximately $8.1 million in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred underwriting commissions will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Risks and Uncertainties Management continues to evaluate the impact of the COVID-19 pandemic on its unaudited condensed financial statement and has concluded that, while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of operations and/or search for a target company, the specific impact is not readily determinable as of the date of these unaudited condensed financial statements. The unaudited condensed financial statement does not include any adjustments that might result from the outcome of this uncertainty.

Derivative Warrant Liabilities

Derivative Warrant Liabilities	6 Months Ended
	Jun. 30, 2021
Derivative Warrant Liabilities
Derivative Warrant Liabilities	Note 6 — Derivative Warrant Liabilities As of June 30, 2021, the Company had 11,500,000 Public Warrants and 6,600,000 Private Warrants outstanding. There were no warrants outstanding at December 31, 2020. Public Warrants may only be exercised for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The Company agreed that as soon as practicable, but in no event later than 15 60 The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of the Initial Business Combination at a newly issued price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Initial Business Combination on the date of the completion of the Initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of Class A ordinary shares during the 20 The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be non-redeemable so long as they are held by the initial purchasers or such purchasers’ permitted transferees. If the Private Placement Warrants are held by someone other than the initial shareholders or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. Redemption of warrants when the price per share of Class A ordinary shares equals or exceeds $18.00 . Once the warrants become exercisable, the Company may call the Public Warrants for redemption (except as described herein with respect to the Private Placement Warrants): ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon a minimum of 30 days ’ prior written notice of redemption; and ● if, and only if, the last reported closing price of the Class A ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30 -trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. Redemption of warrants when the price per share of Class A ordinary shares equals or exceeds $10.00 . The Company may redeem the Public Warrants: ● in whole and not in part; ● at a price of $0.10 per warrant; ● upon a minimum of 30 days ’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to an agreed table based on the redemption date and the “fair market value” of the Class A ordinary shares except as otherwise described below; ● if, and only if, the last reported closing price of the Class A ordinary shares equals or exceeds $10.00 per share (as adjusted) for any 20 trading days within a 30 -trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders; ● if the closing price of the Class A ordinary shares for any 20 trading days within a 30 -trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders is less than $18.00 per share (as adjusted) the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. If the Company is unable to complete the Initial Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the Public Warrants may expire worthless.

Shareholders' Equity (Deficit)

Shareholders' Equity (Deficit)	6 Months Ended
	Jun. 30, 2021
Shareholders' Equity (Deficit)
Shareholders' Equity (Deficit)	Note 7 — Shareholders’ Equity (Deficit) Preference Shares— Class A Ordinary Shares— outstanding Class B Ordinary Shares —   Class A ordinary shareholders and Class B ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders and vote together as a single class, except as required by law; provided, that, prior to the Company’s initial Business Combination, holders of the Class B ordinary shares will have the right to elect all of the Company’s directors and remove members of the board of directors for any reason, and holders of the Class A ordinary shares will not be entitled to vote on the election of directors during such time. The Class B ordinary shares will automatically convert into Class A ordinary shares on the first business day following the completion of the Initial Business Combination on a one-for-one basis, subject to adjustment for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares, or equity-linked securities convertible or exercisable for Class A ordinary shares, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of the Initial Business Combination, the ratio at which Founder Shares will convert into Class A ordinary shares will be adjusted (subject to waiver by holders of a majority of the Class B ordinary shares then in issue) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the Company’s ordinary shares issued and outstanding upon the completion of the Initial Public Offering plus the number of Class A ordinary shares and equity-linked securities issued or deemed issued in connection with the Initial Business Combination (net of redemptions), excluding any Class A ordinary shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any Private Placement Warrants issued to the Sponsor, an affiliate of the Sponsor or any of the Company’s officers or directors.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements
Fair Value Measurements	Note 8 — Fair Value Measurements The following table presents information about the Company’s financial assets and liabilities that are measured at fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measured as of June 30, 2021 ​ ​ Level 1 ​ Level 2 ​ Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account $ 230,011,037 ​ $ — ​ $ — ​ $ 230,011,037 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Derivative warrant liabilities - Public Warrants ​ $ 9,660,000 ​ $ — ​ $ — ​ $ 9,660,000 Derivative warrant liabilities - Private Placement Warrants $ — ​ $ — ​ $ 5,742,000 ​ $ 5,742,000 ​ As of December 31, 2020, there were no assets or liabilities that were measured at fair value on a recurring basis. Transfers to/from Levels 1, 2, and 3 are recognized at the beginning of the reporting period. The estimated fair value of the Public Warrants was transferred from a Level 3 measurement to a Level 1 fair value measurement in March 2021, when the Public Warrants were separately listed and traded. There were no other transfers to/from Levels 1, 2, and 3 during the three and six months ended June 30, 2021. The fair value of the Public Warrants is determined using the traded price. Level 3 instruments are comprised of derivative warrant liabilities measured at fair value using a Monte Carlo simulation model. The estimated fair value of the Private Placement Warrants is determined using Level 3 inputs. Inherent in a Monte Carlo simulation model are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its ordinary shares warrants based on implied volatility from the Company’s traded warrants and from historical volatility of select peer company’s ordinary shares that matches the expected remaining life of the warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero. The following table provides quantitative information regarding Level 3 fair value measurements inputs as their measurement dates: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ Initial Fair ​ June 30, 2021 2021 Value ​ Option term (in years) 5.61 ​ 5.86 ​ 6.00 ​ Volatility ​ 14.60 % 17.30 % 17.90 % Risk-free interest rate ​ 0.97 % 1.13 % 0.66 % Expected dividends ​ 0.00 % 0.00 % 0.00 % ​ The change in the fair value of the derivative warrant liabilities for, measured using Level 3 inputs, the period for three and the six months ended June 30, 2021 is summarized as follows: ​ ​ ​ ​ ​ Derivative warrant liabilities at January 1, 2021 $ — Issuance of Public and Private Warrants ​ 17,755,000 Transfer of Public Warrants to a Level 1 measurement ​ ​ (11,155,000) Change in fair value of derivative warrant liabilities ​ ​ (198,000) Derivative warrant liabilities at March 31, 2021 ​ ​ 6,402,000 Change in fair value of derivative warrant liabilities ​ ​ (660,000) Derivative warrant liabilities at June 30, 2021 ​ $ 5,742,000 ​

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events
Subsequent Events	Note 9 — Subsequent Events ​ The Company evaluated subsequent events and transactions that occurred up to the date unaudited condensed financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of the balances and results for the periods presented. Operating results for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021. The accompanying unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on February 4, 2021.
Use of Estimates	Use of Estimates The preparation of unaudited condensed financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s unaudited condensed financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of June 30, 2021 and December 31, 2020.
Investments Held in Trust Account	Investments Held in Trust Account The Company’s portfolio of investments is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities and generally have a readily determinable fair value, or a combination thereof. When the Company’s investments held in the Trust Account are comprised of U.S. government securities, the investments are classified as trading securities. When the Company’s investments held in the Trust Account are comprised of money market funds, the investments are recognized at fair value. Trading securities and investments in money market funds are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in income on investments held in the Trust Account in the accompanying unaudited condensed statement of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.
Fair Value of Financial Instruments	Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers consist of: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. As of June 30, 2021 and December 31, 2020, the carrying values of cash, prepaid expense, accounts payable, accounts payable to related party, accrued expenses and note payable to related party approximate their fair values due to the short-term nature of the instruments.
Derivative warrant liabilities	Derivative warrant liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period. The 11,500,000
Offering Costs Associated with the Initial Public Offering	Offering Costs Associated with the Initial Public Offering Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs are allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred, presented as non-operating expenses in the statement of operations. Offering costs associated with the Class A ordinary shares were charged to shareholders’ equity (deficit) upon the completion of the Initial Public Offering. For the six months ended June 30, 2021, of the total offering costs of the Initial Public Offering, approximately $0.6 million is included in offering costs - derivative warrant liabilities in the unaudited condensed statements of operations and approximately $12.3 million is included in the unaudited condensed statements of changes in shareholders’ equity (deficit).
Class A Common Stock Subject to Possible Redemption	Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, Class A ordinary shares are classified as shareholders’ equity (deficit). The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, as of June 30, 2021, 20,284,825 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity (deficit) section of the Company’s unaudited condensed balance sheet. As of December 31, 2020, there were no shares of Class A ordinary shares subject to possible redemption.
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes,” which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of June 30, 2021. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of June 30, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented.
Net Income (loss) per Ordinary Shares	Net Income (loss) per Ordinary Shares Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted-average number of ordinary shares outstanding during the periods. The Company’s unaudited condensed statements of operations includes a presentation of income (loss) per share for ordinary shares subject to possible redemption in a manner similar to the two-class method of income (loss) per ordinary share. Net income (loss) per ordinary share, basic and diluted, for Class A ordinary shares subject to possible redemption is calculated by dividing the proportionate share of income or loss from investments held in Trust Account, net of applicable income taxes, if any, by the weighted average number of Class A ordinary shares subject to possible redemption outstanding for the period. Net income (loss) per ordinary share, basic and diluted, for non-redeemable ordinary shares is calculated by dividing the net income (loss), adjusted for income or loss from investment attributable to Class A ordinary shares subject to possible redemption, by the weighted average number of non-redeemable ordinary shares outstanding for the period. Non-redeemable ordinary shares include Founder Shares and non-redeemable shares of Class A ordinary shares as these shares do not have any redemption features. Non-redeemable ordinary shares participate in the income or loss from investments based on non-redeemable shares’ proportionate interest. The following table reflects the calculation of basic and diluted net income (loss) per ordinary share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ From February ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17, 2020 ​ ​ ​ ​ ​ ​ For the Six ​ (Inception) ​ ​ Three Months Ended ​ Months Ended ​ Through ​ ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Earnings allocable to ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from investments held in Trust Account ​ $ (677) ​ $ — ​ $ 9,734 ​ $ — Less: Company's portion available to be withdrawn to pay taxes ​ ​ — ​ ​ — ​ — ​ — Net income (loss) attributable to Class A ordinary shares subject to possible redemption ​ $ (677) ​ $ — ​ $ 9,734 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: Weighted average Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption ​ ​ 20,116,257 ​ ​ — ​ ​ 20,106,851 ​ ​ — Basic and diluted net income (loss) per ordinary share, Class A ordinary shares subject to possible redemption ​ $ 0.00 ​ $ — ​ $ 0.00 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-redeemable ordinary shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Net income (loss) minus net income allocable to Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 1,704,410 ​ $ 23 ​ $ 1,286,258 ​ $ (22,305) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) allocable to Class A ordinary shares subject to possible redemption ​ ​ (677) ​ ​ — ​ ​ 9,734 ​ ​ — Non-redeemable net income (loss) ​ $ 1,705,087 ​ $ 23 ​ $ 1,276,524 ​ $ (22,305) Denominator: weighted average non-redeemable ordinary shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares ​ ​ 8,633,743 ​ ​ 5,000,000 ​ ​ 7,878,289 ​ ​ 5,000,000 Basic and diluted net income (loss) per ordinary share, non-redeemable ordinary shares ​ $ 0.20 ​ $ 0.00 ​ $ 0.16 ​ $ 0.00
Recent Issued Accounting Standards	Recent Issued Accounting Standards In August 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-06, Debt—Debt with Conversion and Other Options and Derivatives and Hedging—Contracts in Entity’s Own Equity : Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity 06 on January 28, 2021 using a modified retrospective method for transition. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows. The Company’s management does not believe that any other recently issued, but not yet effective, accounting standards updates, if currently adopted, would have a material effect on the accompanying unaudited condensed financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
Reconciliation of Net Loss per Common Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ From February ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17, 2020 ​ ​ ​ ​ ​ ​ For the Six ​ (Inception) ​ ​ Three Months Ended ​ Months Ended ​ Through ​ ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Earnings allocable to ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from investments held in Trust Account ​ $ (677) ​ $ — ​ $ 9,734 ​ $ — Less: Company's portion available to be withdrawn to pay taxes ​ ​ — ​ ​ — ​ — ​ — Net income (loss) attributable to Class A ordinary shares subject to possible redemption ​ $ (677) ​ $ — ​ $ 9,734 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: Weighted average Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption ​ ​ 20,116,257 ​ ​ — ​ ​ 20,106,851 ​ ​ — Basic and diluted net income (loss) per ordinary share, Class A ordinary shares subject to possible redemption ​ $ 0.00 ​ $ — ​ $ 0.00 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-redeemable ordinary shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Net income (loss) minus net income allocable to Class A ordinary shares subject to possible redemption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 1,704,410 ​ $ 23 ​ $ 1,286,258 ​ $ (22,305) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) allocable to Class A ordinary shares subject to possible redemption ​ ​ (677) ​ ​ — ​ ​ 9,734 ​ ​ — Non-redeemable net income (loss) ​ $ 1,705,087 ​ $ 23 ​ $ 1,276,524 ​ $ (22,305) Denominator: weighted average non-redeemable ordinary shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares ​ ​ 8,633,743 ​ ​ 5,000,000 ​ ​ 7,878,289 ​ ​ 5,000,000 Basic and diluted net income (loss) per ordinary share, non-redeemable ordinary shares ​ $ 0.20 ​ $ 0.00 ​ $ 0.16 ​ $ 0.00

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements
Schedule of company's assets that are measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measured as of June 30, 2021 ​ ​ Level 1 ​ Level 2 ​ Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account $ 230,011,037 ​ $ — ​ $ — ​ $ 230,011,037 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Derivative warrant liabilities - Public Warrants ​ $ 9,660,000 ​ $ — ​ $ — ​ $ 9,660,000 Derivative warrant liabilities - Private Placement Warrants $ — ​ $ — ​ $ 5,742,000 ​ $ 5,742,000
Schedule of change in the fair value of the warrant liabilities	​ ​ ​ ​ ​ Derivative warrant liabilities at January 1, 2021 $ — Issuance of Public and Private Warrants ​ 17,755,000 Transfer of Public Warrants to a Level 1 measurement ​ ​ (11,155,000) Change in fair value of derivative warrant liabilities ​ ​ (198,000) Derivative warrant liabilities at March 31, 2021 ​ ​ 6,402,000 Change in fair value of derivative warrant liabilities ​ ​ (660,000) Derivative warrant liabilities at June 30, 2021 ​ $ 5,742,000
Schedule of quantitative information regarding Level 3 fair value measurements inputs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ Initial Fair ​ June 30, 2021 2021 Value ​ Option term (in years) 5.61 ​ 5.86 ​ 6.00 ​ Volatility ​ 14.60 % 17.30 % 17.90 % Risk-free interest rate ​ 0.97 % 1.13 % 0.66 % Expected dividends ​ 0.00 % 0.00 % 0.00 %

Description of Organization a_2

Description of Organization and Business Operations (Details) - USD ($)	Feb. 08, 2021	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Numbers of units issued			3,000,000
Deferred Underwriting Compensation, Noncurrent			$ 8,050,000
Exercise Price of warrant			$ 1
Proceeds from Issuance of Warrants			$ 6,600,000
Investment Of Cash Into Trust Account			$ 230,000,000
Threshold Minimum Aggregate Fair Market Value As Percentage Of Assets Held In Trust Account			80.00%
Threshold Percentage Of Outstanding Voting Securities Of Target To Be Acquired By Post Transaction Company To Complete Business Combination			50.00%
Minimum Net Tangible Assets Upon Consummation Of Business Combination			$ 5,000,001
Threshold Percentage Of Public Shares Subject To Redemption Without Companys Prior Written Consent			15.00%
Percentage Obligation To Redeem Public Shares If Entity Does Not Complete A Business Combination			100.00%
Maximum Net Interest To Pay Dissolution Expenses			$ 100,000
Balance at operating bank account			800,000
Working Capital			1,300,000
Stock Issued During Period, Value, New Issues		$ 25,000
Sponsor
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Value, New Issues			$ 25,000
Proceeds from Related Party Debt				$ 300,000
Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Number of warrant issued			6,600,000
Public Warrants
Subsidiary, Sale of Stock [Line Items]
Number of warrant issued			0
Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Numbers of units issued	23,000,000
Share Price	$ 10		$ 10
Proceeds From Sale Of Units	$ 230,000,000
Other offering costs	12,900,000
Deferred Underwriting Compensation, Noncurrent	$ 8,100,000
Initial Public Offering | Sponsor
Subsidiary, Sale of Stock [Line Items]
Numbers of units issued	2,000,000
Private Placement
Subsidiary, Sale of Stock [Line Items]
Number of warrant issued			6,600,000
Exercise Price of warrant			$ 1
Proceeds from Issuance of Warrants			$ 6,600,000
Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Numbers of units issued	3,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Federal Depository Insurance Coverage	$ 250,000
Cash equivalents	0	$ 0
Offering costs - derivative warrant liabilities	644,619
Offering costs included in shareholder's equity	12,278,626
Unrecognized tax benefits	0
Unrecognized tax benefits accrued for interest and penalties	0
Initial Public Offering
Offering costs - derivative warrant liabilities	600,000
Offering costs included in shareholder's equity	$ 12,300,000
Public Warrants
Number of warrant issued	0
Private Placement Warrants
Number of warrant issued	6,600,000
Class A Common Stock Subject to Redemption
Temporary equity, shares outstanding	20,284,825	0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Reconciliation of Net Loss per Common Share (Details) - USD ($)	3 Months Ended		4 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021
Numerator:
Net loss	$ 1,704,410	$ 23	$ (22,305)	$ 1,286,258
Class A Common Stock Subject to Redemption
Numerator:
Income (loss) on investments held in Trust Account	(677)			9,734
Net income attributable to Class A ordinary shares subject to possible redemption	$ (677)			$ 9,734
Denominator: Weighted Average Non-Redeemable Ordinary Shares
Basic net loss per common share	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding, basic	20,116,257			20,106,851
Diluted net loss per common share	$ 0			$ 0
Weighted average shares outstanding, diluted	20,116,257			20,106,851
Non-redeemable ordinary shares
Numerator:
Net loss	$ 1,704,410	$ 23	$ (22,305)	$ 1,286,258
Net income attributable to Class A ordinary shares subject to possible redemption	677			(9,734)
Adjusted net loss	$ 1,705,087	$ 23	$ (22,305)	$ 1,276,524
Denominator: Weighted Average Non-Redeemable Ordinary Shares
Basic net loss per common share	$ 0.20	$ 0	$ 0	$ 0.16
Weighted average shares outstanding, basic	8,633,743	5,000,000	5,000,000	7,878,289
Diluted net loss per common share	$ 0.20	$ 0	$ 0	$ 0.16
Weighted average shares outstanding, diluted	8,633,743	5,000,000	5,000,000	7,878,289

Initial Public Offering (Detail

Initial Public Offering (Details) - USD ($)	Feb. 08, 2021	Jun. 30, 2021
Subsidiary, Sale of Stock [Line Items]
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross (Shares)		3,000,000
Deferred underwriting commissions		$ 8,050,000
Class A Common Stock
Subsidiary, Sale of Stock [Line Items]
Number of shares in a unit		1
Number of shares issuable per warrant		1
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50
Public Warrants
Subsidiary, Sale of Stock [Line Items]
Number of warrants in a unit		0.5
Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross (Shares)	23,000,000
Purchase price, per unit	$ 10
Gross proceeds from sale of units	$ 230,000,000
Other offering costs	12,900,000
Deferred underwriting commissions	$ 8,100,000
Initial Public Offering | Sponsor
Subsidiary, Sale of Stock [Line Items]
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross (Shares)	2,000,000
Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross (Shares)	3,000,000

Related Party Transactions - Fo

Related Party Transactions - Founder Shares (Details) - USD ($)	Jan. 26, 2021	Dec. 28, 2020	Feb. 29, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020	Feb. 08, 2021
Related Party Transaction [Line Items]
Aggregate purchase price					$ 25,000
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination						20 days
Class of Warrant or Right, Price of Warrants or Rights				$ 1		$ 1
Proceeds received from the sale of private placement warrants to Sponsor						$ 6,600,000
General and administrative expenses paid by related party				$ 30,000	$ 10,000	$ 50,000
Class A Common Stock
Related Party Transaction [Line Items]
Common stock, par value				$ 0.0001		$ 0.0001	$ 0.0001
Price per share				$ 9.20		9.20
Stock price trigger to transfer, assign or sell any shares or warrants of the company, after the completion of the initial business combination (in dollars per share)						$ 12
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination						20 days
Threshold consecutive trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination						30 days
Threshold period after the business combination in which the 20 trading days within any 30 trading day period commences						150 days
Number of shares issuable per warrant				1		1
Class of Warrant or Right, Exercise Price of Warrants or Rights								$ 11.50
Class B Common Stock
Related Party Transaction [Line Items]
Common stock, par value				$ 0.0001		$ 0.0001	$ 0.0001
Sponsor
Related Party Transaction [Line Items]
Aggregate purchase price						$ 25,000
Proceeds from Related Party Advances		$ 400,000
Loan from the Sponsor							$ 300,000
Payments For Office Space And Administrative Support Services Per Month						10,000
General and administrative expenses paid by related party				$ 30,000		$ 50,000
Sponsor | Class B Common Stock
Related Party Transaction [Line Items]
Number of shares issued			5,750,000
Common stock, par value			$ 0.0001
Aggregate purchase price			$ 25,000
Number of shares forfeited | shares			750,000
Percentage of issued and outstanding shares after the Initial Public Offering collectively held by initial stockholders	20.00%
Shares No Longer Subject To Forfeiture								750,000
Independent director nominees | Class B Common Stock
Related Party Transaction [Line Items]
Sponsor transferred shares to each independent director nominees	30,000
Price per share	$ 0.004
Private Placement
Related Party Transaction [Line Items]
Number of warrant issued						6,600,000
Class of Warrant or Right, Price of Warrants or Rights				$ 1		$ 1
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 11.50		$ 11.50
Proceeds received from the sale of private placement warrants to Sponsor						$ 6,600,000
Private Placement | Class A Common Stock
Related Party Transaction [Line Items]
Number of shares issuable per warrant				1		1

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Mar. 31, 2020	Feb. 29, 2020
Related Party Transactions
Maximum loans convertible into warrants	$ 1,500,000
Exercise Price of warrant	$ 1
Working capital loan outstanding	$ 0	$ 0	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 08, 2020	Jun. 30, 2021
Commitments and Contingencies.
Numbers of units issued		3,000,000
Underwriting cash discount per unit	$ 0.20
Cash underwriting fees	$ 4.2
Deferred fee per unit	$ 0.35
Deferred underwriting fee payable	$ 8.1

Derivative Warrant Liabilities

Derivative Warrant Liabilities (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Warrants outstanding		0
Warrants exercisable term from the completion of business combination	30 days
Warrants exercisable term from the closing of the public offering	12 months
Threshold period for filling registration statement within number of days of business combination	15 days
Threshold period for filling registration statement within number of days of business combination	60 days
Warrants exercisable for cash	0
Percentage of gross proceeds on total equity proceeds	60.00%
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination	20 days
Adjustment of exercise price of warrants based on market value (as a percent)	115.00%
Percentage of adjustment of redemption price of stock based on market value.	180.00%
Stock price trigger for redemption of public warrants	$ 18
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination	30 days
Class A Common Stock
Share Price	$ 9.20
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination	20 days
Redemption Of Warrant Price Per Share Equals Or Exceeds18.00 [Member]
Share Price	$ 18
Redemption price per public warrant (in dollars per share)	$ 0.01
Minimum threshold written notice period for redemption of public warrants	30 days
Threshold trading days for redemption of public warrants	20 days
Redemption Of Warrant Price Per Share Equals Or Exceeds10.00 [Member]
Share Price	$ 10
Redemption price per public warrant (in dollars per share)	$ 0.10
Minimum threshold written notice period for redemption of public warrants	30 days
Threshold trading days for redemption of public warrants	20 days
Public Warrants
Warrants outstanding	11,500,000
Public Warrants expiration term	5 years
Private Warrants
Warrants outstanding	6,600,000

Shareholders' Equity (Deficit)

Shareholders' Equity (Deficit) - Preferred Stock Shares (Details) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Shareholders' Equity (Deficit)
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred stock, par value, (per share)	$ 0.0001	$ 0.0001
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

Shareholders' Equity (Deficit_2

Shareholders' Equity (Deficit) - Common Stock Shares (Details)	6 Months Ended
	Jun. 30, 2021Vote$ / sharesshares	Dec. 31, 2020$ / sharesshares
Class of Stock [Line Items]
Number of voting rights | Vote	1
Share conversion ratio	1
Class A Common Stock
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	200,000,000	200,000,000
Common stock, par value | $ / shares	$ 0.0001	$ 0.0001
Common shares, shares issued (in shares)	2,715,175	0
Common shares, shares outstanding (in shares)	2,715,175	0
Class A Common Stock Subject to Redemption
Class of Stock [Line Items]
Class A common stock subject to possible redemption, outstanding (in shares)	20,284,825	0
Class B Common Stock
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	20,000,000	20,000,000
Common stock, par value | $ / shares	$ 0.0001	$ 0.0001
Common shares, shares issued (in shares)	5,750,000	5,750,000
Common shares, shares outstanding (in shares)	5,750,000	5,750,000
Ratio to be applied to the stock in the conversion	20

Fair Value Measurements - Compa

Fair Value Measurements - Company's financial assets and liabilities (Details)	Jun. 30, 2021USD ($)
Assets:
Investments held in Trust Account	$ 230,011,037
Liabilities:
Derivative warrant liabilities	15,402,000
Public Warrants
Liabilities:
Derivative warrant liabilities	9,660,000
Private Placement Warrants
Liabilities:
Derivative warrant liabilities	5,742,000
Level 1
Assets:
Investments held in Trust Account	230,011,037
Level 1 | Public Warrants
Liabilities:
Derivative warrant liabilities	9,660,000
Level 3 | Private Placement Warrants
Liabilities:
Derivative warrant liabilities	$ 5,742,000

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Fair Value Measurements Inputs (Details) - Level 3	Jun. 30, 2021	Mar. 31, 2021	Feb. 08, 2021
Option term (in years)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Measurement Input	5.61	5.86	6
Volatility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Measurement Input	14.60	17.30	17.90
Risk-free interest rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Measurement Input	0.97	1.13	0.66
Expected dividends
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Measurement Input	0	0	0

Fair Value Measurements - Chang

Fair Value Measurements - Change in the Fair Value of the Warrant Liabilities (Details) - Level 3 - USD ($)	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Derivative warrant liabilities beginning of the period	$ 6,402,000	$ 0
Issuance of Public and Private Warrants		17,755,000
Transfer of Public Warrants to a Level 1 measurement		(11,155,000)
Change in fair value of derivative warrant liabilities	(660,000)	(198,000)
Derivative warrant liabilities at March 31, 2021	$ 5,742,000	$ 6,402,000