Omega Alpha SPAC (OMEG) 10-Q/A25 Jan 222021 Q3 Quarterly report (amended)Financial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2021	Jan. 24, 2022
Document Information [Line Items]
Document Type	10-Q/A
Amendment Description	Amendment No. 1
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Entity File Number	001-039840
Entity Registrant Name	OMEGA ALPHA SPAC
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1566615
Entity Address, Address Line One	888 Boylston Street, Suite 1111
Entity Address, City or Town	Boston
Entity Address State Or Province	MA
Entity Address, Postal Zip Code	02199
City Area Code	617
Local Phone Number	502-6530
Title of 12(b) Security	Class A ordinary shares, $0.0001 par value per share
Trading Symbol	OMEG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
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	0001832010
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	true
Class A Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		14,301,000
Class B Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,450,000

CONDENSED BALANCE SHEET

CONDENSED BALANCE SHEET - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 641,554
Prepaid expenses	506,509
Due from related party, net	1,063
Total current assets	1,149,126
Investments held in Trust Account	138,009,907
Deferred offering costs associated with the initial public offering		$ 399,211
Total Assets	139,159,033	399,211
Current liabilities:
Accounts payable	37,511	265,256
Accrued expenses	70,000	43,047
Note payable - related party		98,365
Total current liabilities	107,511	406,668
Deferred underwriting commissions	4,830,000
Total liabilities	4,937,511	406,668
Commitments and Contingencies
Shareholder's Deficit:
Preference shares, $0.0001 par value 1,000,000 shares authorized none issued and outstanding as of September 30, 2021 and December 31, 2020
Additional paid-in capital		24,655
Accumulated deficit	(3,778,873)	(32,457)
Total shareholders' deficit	(3,778,478)	(7,457)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	139,159,033	399,211
Class A Common Stock Subject to Redemption
Current liabilities:
Class A ordinary shares subject to possible redemption	138,000,000
Class A Common Stock Not Subject to Redemption
Shareholder's Deficit:
Common stock	50
Class B Ordinary Shares
Shareholder's Deficit:
Common stock	$ 345	$ 345

CONDENSED BALANCE SHEET (Parent

CONDENSED BALANCE SHEET (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Preferred stock, par value, (per share)	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred shares, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A Ordinary Shares
Common shares, par value, (per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	479,000,000	479,000,000
Common shares, shares issued (in shares)	501,000	0
Common shares, shares outstanding	501,000	0
Class A Common Stock Subject to Redemption
Temporary equity, shares issued	13,800,000	0
Temporary equity, shares outstanding	13,800,000	0
Purchase price, per unit	$ 10	$ 10
Ordinary shares, redemption value per share	$ 0.0001	0.0001
Class A Common Stock Not Subject to Redemption
Common shares, shares issued (in shares)	14,301,000
Common shares, shares outstanding	14,301,000
Class B Ordinary Shares
Common shares, par value, (per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	20,000,000	20,000,000
Common shares, shares issued (in shares)	3,450,000	3,450,000
Common shares, shares outstanding	3,450,000	3,450,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended	9 Months Ended
CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Sep. 30, 2021	Sep. 30, 2021
General and administrative expenses	$ 173,653	$ 661,605
Loss from operations	(173,653)	(661,605)
Income from investments held in Trust Account	3,479	9,907
Net loss	$ (170,174)	$ (651,698)
Class A Ordinary Shares
Basic and diluted weighted average shares outstanding	14,301,000	13,777,154
Basic and diluted net income (loss) per ordinary share	$ (0.01)	$ (0.04)

CONDENSED STATEMENTS OF CHANGES

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)	Class A Ordinary SharesCommon Stock	Class B Ordinary SharesCommon Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at the beginning at Dec. 31, 2020		$ 345	$ 24,655	$ (32,457)	$ (7,457)
Balance at the beginning (in shares) at Dec. 31, 2020		3,450,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Sale of private placement shares to Sponsor in private placement	$ 50		5,009,950		5,010,000
Sale of private placement shares to Sponsor in private placement (in shares)	501,000
Accretion of Class A ordinary shares subject to redemption			(5,034,605)	(3,094,718)	(8,129,323)
Net loss				(281,055)	(281,055)
Balance at the end at Mar. 31, 2021	$ 50	$ 345		(3,408,230)	(3,407,835)
Balance at the end (in shares) at Mar. 31, 2021	501,000	3,450,000
Balance at the beginning at Dec. 31, 2020		$ 345	24,655	(32,457)	(7,457)
Balance at the beginning (in shares) at Dec. 31, 2020		3,450,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(481,524)
Balance at the end at Jun. 30, 2021	$ 50	$ 345		(3,608,699)	(3,608,304)
Balance at the end (in shares) at Jun. 30, 2021	501,000	3,450,000
Balance at the beginning at Dec. 31, 2020		$ 345	$ 24,655	(32,457)	(7,457)
Balance at the beginning (in shares) at Dec. 31, 2020		3,450,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(651,698)
Balance at the end at Sep. 30, 2021	$ 50	$ 345		(3,778,873)	(3,778,478)
Balance at the end (in shares) at Sep. 30, 2021	501,000	3,450,000
Balance at the beginning at Mar. 31, 2021	$ 50	$ 345		(3,408,230)	(3,407,835)
Balance at the beginning (in shares) at Mar. 31, 2021	501,000	3,450,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss				(200,469)	(200,469)
Balance at the end at Jun. 30, 2021	$ 50	$ 345		(3,608,699)	(3,608,304)
Balance at the end (in shares) at Jun. 30, 2021	501,000	3,450,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss				(170,174)	(170,174)
Balance at the end at Sep. 30, 2021	$ 50	$ 345		$ (3,778,873)	$ (3,778,478)
Balance at the end (in shares) at Sep. 30, 2021	501,000	3,450,000

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS	9 Months Ended
CONDENSED STATEMENT OF CASH FLOWS	Sep. 30, 2021USD ($)
Cash Flows from Operating Activities:
Net loss	$ (651,698)
Adjustments to reconcile net loss to net cash used in operating activities:
Income from investments held in Trust Account	(9,907)
Changes in operating assets and liabilities:
Prepaid expenses	(506,509)
Due from related party	(1,063)
Accounts payable	35,459
Accrued expenses	(4,583)
Net cash used in operating activities	(1,138,301)
Cash Flows from Investing Activities:
Cash deposited in Trust Account	(138,000,000)
Net cash used in investing activities	(138,000,000)
Cash Flows from Financing Activities:
Proceeds from promissory note - related party	46,209
Payment of note payable to related party	(144,574)
Proceeds received from initial public offering, gross	138,000,000
Proceeds from Issuance of Private Placement	5,010,000
Offering costs paid	(3,131,780)
Net cash provided by financing activities	139,779,855
Net change in cash	641,554
Cash - beginning of the period	0
Cash - end of the period	641,554
Supplemental disclosure of noncash investing and financing activities:
Offering costs included in accrued expenses	70,000
Reversal of offering costs included in accrued expenses in prior year	(38,464)
Deferred underwriting commissions	$ 4,830,000

DESCRIPTION OF ORGANIZATION AND

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	9 Months Ended
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	Sep. 30, 2021
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Omega Alpha SPAC (the “Company”) was incorporated as a Cayman Islands exempted company on October 26, 2020. The Company was formed for the purpose of effecting a merger, 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 September 30, 2021, the Company had not commenced any operations. All activity for the period from October 26, 2020 (inception) through September 30, 2021 relates to the Company’s formation and the initial public offering (the “Initial Public Offering”) described below, and, subsequent to the Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates 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 Omega Alpha Management, a Cayman Islands limited liability company (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on January 6, 2021. On January 11, 2021, the Company consummated its Initial Public Offering of 13,800,000 Class A ordinary shares (the “Public Shares”), including the 1,800,000 Public Shares as a result of the underwriters’ full exercise of their over-allotment option, at an offering price of $10.00 per Public Share, generating gross proceeds of $138.0 million, and incurring offering costs of approximately $8.1 million, of which approximately $4.8 million was for deferred underwriting commissions (Note 5). Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 501,000 Class A ordinary shares (the “Private Placement Shares”), at a price of $10.00 per Private Placement Share to the Sponsor, generating gross proceeds of approximately $5.0 million (Note 4). Upon the closing of the Initial Public Offering and the Private Placement, $138.0 million ($10.00 per Public Share) 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 only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of 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 Shares, 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 net assets held in the Trust Account (excluding the amount of deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing of the agreement to enter into the initial Business Combination, and a majority of independent directors must approve such initial Business Combinations. 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. The Company will provide the holders of 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, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay income taxes). 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 have been classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board (“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, only if a majority of the ordinary shares, represented in person or by proxy and entitled to vote thereon, voted at a shareholder meeting 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 reasons, the Company will, pursuant to the amended and restated memorandum and articles of association which the Company adopted upon the consummation of the Initial Public Offering (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 other 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 or vote at all. 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. Subsequent to the consummation of the Initial Public Offering, the Company adopted an insider trading policy which requires insiders to: (i) refrain from purchasing shares during certain blackout periods and when they are in possession of any material non-public information and (ii) to clear all trades with the Company’s Chief Financial Officer prior to execution. In addition, the initial shareholders agreed to waive their redemption rights with respect to their Founder Shares, Private Placement Shares and Public Shares in connection with the completion of a Business Combination. Notwithstanding the foregoing, if the Company seeks shareholder approval of its Business Combination and does not conduct redemptions in connection with its Business Combination pursuant to the tender offer rules, the Amended and Restated Memorandum and Articles of Association provides 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% of the Class A ordinary shares sold in the Initial Public Offering without the prior consent of the Company. The Company’s Sponsor, officers and directors (the “initial shareholders”) agreed not to propose an amendment to the Amended and Restated Memorandum and Articles of Association that would modify the substance or timing of the Company’s obligation to provide holders of its Public Shares the right to have their shares redeemed in connection with a Business Combination or to redeem 100% of the Company’s Public Shares if the Company does not complete its Business Combination within 24 months from the closing of the Initial Public Offering, or January 11, 2023, (the “Combination Period”) or with respect to any other provision relating to the rights of Public Shareholders, 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 has not completed a Business Combination within the 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 and not previously released to the Company to pay for its income taxes, if any (less up to $100,000 of interest to pay dissolution expenses), divided by the number of the 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 its board of directors, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. The initial shareholders agreed to waive their liquidation rights with respect to the Founder Shares and Private Placement Shares held by them if the Company fails to complete a Business Combination within the Combination Period. However, if the initial shareholders 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 their deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within 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 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 has agreed to be liable to the Company if and to the extent any claims by a third party 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 to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets. 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 (excluding the Company’s independent registered public accounting firm), 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 September 30, 2021, the Company had approximately $642,000 The Company’s liquidity needs to date have been satisfied through a contribution of $25,000 from the Sponsor to cover certain expenses in exchange for the issuance of the Founder Shares (as defined in Note 4), the loan of approximately $145,000 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 fully repaid the Note on January 13, 2021. No future borrowings are permitted under this Note. 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 September 30, 2021 and December 31, 2020, 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 (restated)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated)	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated)	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated) 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 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 normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the period for the three and nine months ended September 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 Form 10-K for the period ended December 31, 2020, filed by the Company with the SEC on March 25, 2021. Restatement of Previously Reported Financial Statements (restated) In preparation of the Company’s unaudited condensed financial statements as of and for quarterly period ended September 30, 2021, the Company concluded it should restate its financial statements to classify all Class A ordinary shares subject to possible redemption in temporary equity. In accordance with ASC 480, paragraph 10-S99, redemption provisions not solely within the control of the Company require ordinary shares subject to redemption to be classified outside of permanent equity. The Company had previously classified a portion of its Class A ordinary shares subject to possible redemption in permanent equity, or total shareholders’ equity. Although the Company did not specify a maximum redemption threshold, its charter currently provides that, the Company will not redeem its public shares in an amount that would cause its net tangible assets to be less than $5,000,001. Previously, the Company did not consider redeemable ordinary shares classified as temporary equity as part of net tangible assets. Effective with these financial statements, the Company revised this interpretation to include temporary equity in net tangible assets. Accordingly, effective with this filing, the Company presents all redeemable Class A ordinary shares as temporary equity and recognizes accretion from the initial book value to redemption value at the time of its Initial Public Offering and in accordance with ASC 480. In connection with the change in presentation for the Class A ordinary shares subject to possible redemption, the Company restated its earnings per share calculation to allocate income and losses shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of shares participate pro rata in the income and losses of the Company. In accordance with SEC Staff Accounting Bulletin No. 99, “Materiality,” and SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company evaluated the corrections and has determined that the related impact was material to the previously filed financial statements that contained the error, reported in the Company’s the Company’s Form 10-Qs for the quarterly periods ended March 31, 2021, and June 30, 2021 (the “Affected Quarterly Periods”). Therefore, the Company, in consultation with its Audit Committee, concluded that the Affected Quarterly Periods should be restated to present all Class A ordinary shares subject to possible redemption as temporary equity and to recognize accretion from the initial book value to redemption value at the time of its Initial Public Offering and calculate earnings per share pro rata between the two classes of shares. As such, the Company is reporting these restatements to those periods in this Quarterly Report on Form 10-Q/A. The impact of the restatement on the financial statements for the Affected Quarterly Periods is presented below. There is no impact to the reported amounts for total assets, total liabilities, cash flows and net income (loss). The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of March 31, 2021: As Previously As of March 31, 2021 (unaudited) Reported Adjustment As Restated Class A ordinary shares subject to possible redemption $ 129,592,160 $ 8,407,840 $ 138,000,000 Class A ordinary shares 134 (84) 50 Additional paid-in capital 5,313,038 (5,313,038) — Accumulated deficit (313,512) (3,094,718) (3,408,230) Total shareholders' equity (deficit) $ 5,000,005 $ (8,407,840) $ (3,407,835) Shares of Class A ordinary shares subject to possible redemption 12,959,216 840,784 13,800,000 Shares of Class A non-redeemable ordinary shares 1,341,784 (840,784) 501,000 The Company’s unaudited condensed statement of shareholders’ equity (deficit) has been restated to reflect the changes to the impacted shareholders’ equity (deficit) accounts described above. The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed statement of cash flows for the three months ended March 31, 2021: Three Months Ended March 31, 2021 (unaudited) Supplemental Disclosure of Noncash Financing Activities: As Reported Adjustment As Restated Initial value of Class A ordinary shares subject to possible redemption $ 129,841,480 $ (129,841,480) $ — Change in value of Class A ordinary shares subject to possible redemption $ (249,320) $ 249,320 $ — The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of June 30, 2021: As Previously As of June 30, 2021 (unaudited) Reported Adjustment As Restated Class A ordinary shares subject to possible redemption $ 129,391,690 $ 8,608,310 $ 138,000,000 Class A ordinary shares 136 (86) 50 Additional paid-in capital 5,513,506 (5,513,506) — Accumulated deficit (513,981) (3,094,718) (3,608,699) Total shareholders' equity (deficit) $ 5,000,006 $ (8,608,310) $ (3,608,304) Shares of Class A ordinary shares subject to possible redemption 12,939,169 860,831 13,800,000 Shares of Class A non-redeemable ordinary shares 1,361,831 (860,831) 501,000 The Company’s unaudited condensed statement of shareholders’ equity (deficit) has been restated to reflect the changes to the impacted shareholders’ equity (deficit) accounts described above. The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed statement of cash flows for the six months ended June 30, 2021: Six Months Ended June 30, 2021 (unaudited) Supplemental Disclosure of Noncash Financing Activities: As Reported Adjustment As Restated Initial value of Class A ordinary shares subject to possible redemption $ 129,841,480 $ (129,841,480) $ — Change in value of Class A ordinary shares subject to possible redemption $ (449,790) $ 449,790 $ — The impact to the reported amounts of weighted average shares outstanding and basic and diluted earnings per ordinary share is presented below for the Affected Quarterly Periods: Loss Per Share As Reported Adjustment As Restated For the three months ended March 31, 2021 (unaudited) Net loss $ (281,055) $ — $ (281,055) Weighted average shares outstanding - Class A ordinary shares 13,800,000 (1,088,000) 12,712,000 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.02) $ (0.02) Weighted average shares outstanding - Class B ordinary shares 3,845,333 (445,333) 3,400,000 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.07) $ 0.05 $ (0.02) For three months ended June 30, 2021 (unaudited) Net loss $ (200,469) $ — $ (200,469) Weighted average shares outstanding - Class A ordinary shares 13,800,000 501,000 14,301,000 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.01) $ (0.01) Weighted average shares outstanding - Class B ordinary shares 3,951,000 (501,000) 3,450,000 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.05) $ 0.04 $ (0.01) For the six months ended June 30, 2021 (unaudited) Net loss $ (481,524) $ — $ (481,524) Weighted average shares outstanding - Class A ordinary shares 13,800,000 (289,110) 13,510,890 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.03) $ (0.03) Weighted average shares outstanding - Class B ordinary shares 3,898,459 — 3,425,138 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.13) $ 0.1 $ (0.03) 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 auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, 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. Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 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. 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. 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 and investments held in the Trust Account. As of September 30, 2021 and December 31, 2020, the Company had 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 September 30, 2021 and December 31, 2020. Due from Related Party, Net Due from related party, net consist of amounts due to (from) the Company from (to) the Sponsor, a related party, and are recorded at the net amount. As of September 30, 2021, approximately $1,000 is due from the Sponsor and is included in due from related party, net on the accompanying condensed balance sheets. There was no balance due from related party, net as of 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 from investments held in Trust Account in the accompanying unaudited condensed statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. Additionally, the Company’s investments held in the Trust Account are classified as assets that are not current, as such funds are restricted from use until the Business Combination, which the Company has until January 11, 2023, to complete. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities which qualify as financial instruments under FASB ASC Topic 820, “Fair Value Measurements,” equal or approximate the carrying amounts represented in the balance sheet due to their short-term nature. 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. Offering Costs Associated with the Initial Public Offering Offering costs consisted of legal, accounting, underwriter fees and other costs incurred that were directly related to the Initial Public Offering and that were charged against their carrying value upon the completion of the Initial Public Offering. The Company classifies deferred underwriting commissions as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. 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 480. 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. The Company’s Public 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, at September 30, 2021, 13,800,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s unaudited condensed balance sheets. There were no Class A ordinary shares outstanding as of December 31, 2020. Under ASC 480-10S99, the Company has elected to recognize changes in the redemption value immediately as they occur and adjust the carrying value of the security to equal the redemption value at the end of each reporting period. This method would view the end of the reporting period as if it were also the redemption date for the security. Effective with the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount, which resulted in charges against additional paid-in capital (to the extent available) and accumulated deficit. Net Income (Loss) Per Ordinary Share The Company complies with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of ordinary shares. Net income (loss) per ordinary share is calculated by dividing the net income (loss) by the weighted average ordinary shares outstanding for the respective period. At September 30, 2021, the Company did not have any dilutive securities and other contracts that could potentially be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net loss per ordinary share is the same as basic net loss per ordinary share for the three and nine months ended September 30, 2021. Accretion associated with the redeemable Class A ordinary shares is excluded from earnings per ordinary share as the redemption value approximates fair value. The following table reflects presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per ordinary share for each class of ordinary shares: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 Class A Class B Class A Class B Basic and diluted net loss per ordinary share: Numerator: Allocation of net loss $ (137,100) $ (33,074) $ (521,685) $ (130,013) Denominator: Basic and diluted weighted average ordinary shares outstanding 14,301,000 3,450,000 13,777,154 3,433,516 Basic and diluted net loss per ordinary share $ (0.01) $ (0.01) $ (0.04) $ (0.04) Income Taxes FASB ASC 740, “Income Taxes,” 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 September 30, 2021 and December 31, 2020. 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. As of September 30, 2021 and December 31, 2020, there were no unrecognized tax benefits and no amounts were accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s unaudited condensed financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Recent Accounting Pronouncements In August 2020, the FASB issued 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 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 Company’s unaudited condensed financial statements.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	9 Months Ended
INITIAL PUBLIC OFFERING	Sep. 30, 2021
INITIAL PUBLIC OFFERING
INITIAL PUBLIC OFFERING	NOTE 3 — INITIAL PUBLIC OFFERING On January 11, 2021, the Company consummated its Initial Public Offering of 13,800,000 Public Shares, including the 1,800,000 Public Shares as a result of the underwriters’ full exercise of their over-allotment option, at an offering price of $10.00 per Public Share, generating gross proceeds of $138.0 million, and incurring offering costs of approximately $8.1 million, of which approximately $4.8 million was for deferred underwriting commissions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2021
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 4 — RELATED PARTY TRANSACTIONS Founder Shares On November 2, 2020, the Sponsor paid $25,000 to cover certain expenses on behalf of the Company in consideration of 3,593,750 Class B ordinary shares, par value $0.0001 (the “Founder Shares”). On November 13, 2020, the Sponsor contributed 718,750 Founder Shares back to the Company. On December 29, 2020, the Sponsor transferred 42,000 Founder Shares to each of the Company’s non-employee directors, such number reflecting the adjustment by the share sub-division described below. On January 7, 2021, the Company effected a share sub-division, resulting in an aggregate of 3,450,000 Founder Shares outstanding. All shares and associated amounts have been adjusted and retroactively restated to reflect the share surrender and the share sub-division. The Sponsor agreed to forfeit up to 450,000 Founder Shares 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 ordinary shares (excluding the Private Placement Shares) after the Initial Public Offering. The underwriters fully exercised the over-allotment option on January 7, 2021; thus, these 450,000 Founder Shares were 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) subsequent to the initial Business Combination, (x) if the closing price of the Company’s Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Public Shareholders having the right to exchange their ordinary shares for cash, securities or other property. Private Placement Shares Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of 501,000 Private Placement Shares, at a price of $10.00 per Private Placement Share to the Sponsor, generating gross proceeds of approximately $5.0 million. A portion of the proceeds from the Private Placement Shares 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 proceeds from the sale of the Private Placement Shares held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Shares will be worthless. The Private Placement Shares will not be transferable or salable until 30 days after the completion of the initial Business Combination. 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 Shares until 30 days after the completion of the initial Business Combination. Related Party Loans On November 2, 2020, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Note”). This loan was non-interest bearing and payable upon the completion of the Initial Public Offering. The Company borrowed approximately $145,000 under the Note. On January 13, 2021, the Company repaid the Note in full. No future borrowings are permitted under this Note. 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 may repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans may 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 the 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 lenders’ discretion, up to $1.5 million of such Working Capital Loans may be convertible into shares of the post Business Combination entity at a price of $10.00 per share. The shares would be identical to the Private Placement Shares. As of September 30, 2021 and December 31, 2020, the Company had no outstanding borrowings under the Working Capital Loans. Forward Purchase Arrangement The Sponsor has indicated an interest to purchase up to an aggregate of $25.0 million of the Company’s ordinary shares in a private placement that would occur concurrently with the consummation of the initial Business Combination. However, because indications of interest are not binding agreements or commitments to purchase, the Sponsor may determine not to purchase any such shares, or to purchase fewer shares than it has indicated an interest in purchasing. Furthermore, the Company is not under any obligation to sell any such shares. General From time to time, certain invoices of the Sponsor (the Company) are paid for by the Company (the Sponsor) and reimbursed to the Company (the Sponsor) at a later date by the Sponsor (the Company).

COMMITMENTS & CONTINGENCIES

COMMITMENTS & CONTINGENCIES	9 Months Ended
COMMITMENTS & CONTINGENCIES	Sep. 30, 2021
COMMITMENTS & CONTINGENCIES
COMMITMENTS & CONTINGENCIES	NOTE 5 — COMMITMENTS & CONTINGENCIES Registration and Shareholder Rights The holders of Founder Shares, Private Placement Shares and Private Placement Shares that may be issued upon conversion of working capital loans, were and will be entitled to registration rights pursuant to a registration and shareholder rights agreement signed upon consummation of the Initial Public Offering. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the Company’s completion of its Business Combination. However, the registration and shareholder rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period, which occurs (i) in the case of the Founder Shares, in accordance with the letter agreement the Company’s initial shareholders entered into and (ii) in the case of the Private Placement Shares, 30 days after the completion of the Company’s Business Combination. 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 1,800,000 additional Public Shares to cover over-allotments, if any, at the Initial Public Offering price less the underwriting discounts and commissions. The underwriters fully exercised the over-allotment option on January 7, 2021. The underwriters were entitled to an underwriting discount of $0.20 per Public Share, or approximately $2.8 million, paid upon the closing of the Initial Public Offering. In addition, $0.35 per Public Share, or approximately $4.8 million in the aggregate will be payable to the underwriters for deferred underwriting commissions upon the completion of a Business Combination. The deferred fee is a liability that is considered not current for accounting purposes, as the Company has not yet identified any target for the Business Combination, and such deferred fee 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 the industry 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 its 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 statements do not include any adjustments that might result from the outcome of this uncertainty.

CLASS A ORDINARY SHARES SUBJECT

CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION	9 Months Ended
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION	Sep. 30, 2021
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION	NOTE 6 - CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION 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 future events. The Company is authorized to issue 479,000,000 shares of Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each ordinary share. As of September 30, 2021, there were 13,800,000 shares of Class A ordinary shares outstanding The Class A ordinary shares subject to possible redemption reflected on the unaudited condensed balance sheet is reconciled on the following table: Gross proceeds $ 138,000,000 Less: Class A ordinary shares issuance costs (8,129,323) Plus: Accretion of carrying value to redemption value 8,129,323 Class A ordinary shares subject to possible redemption $ 138,000,000

SHAREHOLDERS' DEFICIT

SHAREHOLDERS' DEFICIT	9 Months Ended
SHAREHOLDERS' DEFICIT	Sep. 30, 2021
SHAREHOLDERS' DEFICIT
SHAREHOLDERS' DEFICIT	NOTE 7 - SHAREHOLDERS’ DEFICIT Preference Shares Class A Ordinary Shares issued Class B Ordinary Shares Holders of the Class A ordinary shares and holders of the Class B ordinary shares will vote together as a single class on all matters submitted to a vote of shareholders, except as required by law or stock exchange rules; provided that only holders of the Class B ordinary shares have the right to vote on the election of the Company’s directors prior to the initial Business Combination and holders of a majority of the Company’s Class B ordinary shares may remove a member of the board of directors for any reason. The Class B ordinary shares will automatically convert into Class A ordinary shares on the consummation of the initial Business Combination at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of ordinary shares issued and outstanding (excluding the Private Placement Shares) upon the consummation of the Initial Public Offering (net of any redemptions of Class A ordinary shares by Public Shareholders), plus (ii) the sum of the total number of Class A ordinary shares issued, deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued, to any seller in the initial Business Combination and any Private Placement Shares issued to the Sponsor, members of the Company’s management team or any of their affiliates upon conversion of Working Capital Loans. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2021
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	Note 8 – FAIR VALUE MEASUREMENTS The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2021, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. Quoted Prices in Significant Other Significant Other Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Mutual funds invested in US Treasury securities $ 138,009,907 — — There were no assets or liabilities measured at fair value on a recurring basis as of December 31, 2020. Transfers to/from Levels 1, 2, and 3 are recognized at the beginning of the reporting period. There were transfers between

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	Note 9 - SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon this review, other than the restatement discussed in Note 2, the Company did not identify any subsequent events, that would have required adjustment or disclosure in the unaudited condensed financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated) (Policies)	9 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated)
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 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 normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the period for the three and nine months ended September 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 Form 10-K for the period ended December 31, 2020, filed by the Company with the SEC on March 25, 2021.
Restatement of Previously Reported Financial Statements (restated)	Restatement of Previously Reported Financial Statements (restated) In preparation of the Company’s unaudited condensed financial statements as of and for quarterly period ended September 30, 2021, the Company concluded it should restate its financial statements to classify all Class A ordinary shares subject to possible redemption in temporary equity. In accordance with ASC 480, paragraph 10-S99, redemption provisions not solely within the control of the Company require ordinary shares subject to redemption to be classified outside of permanent equity. The Company had previously classified a portion of its Class A ordinary shares subject to possible redemption in permanent equity, or total shareholders’ equity. Although the Company did not specify a maximum redemption threshold, its charter currently provides that, the Company will not redeem its public shares in an amount that would cause its net tangible assets to be less than $5,000,001. Previously, the Company did not consider redeemable ordinary shares classified as temporary equity as part of net tangible assets. Effective with these financial statements, the Company revised this interpretation to include temporary equity in net tangible assets. Accordingly, effective with this filing, the Company presents all redeemable Class A ordinary shares as temporary equity and recognizes accretion from the initial book value to redemption value at the time of its Initial Public Offering and in accordance with ASC 480. In connection with the change in presentation for the Class A ordinary shares subject to possible redemption, the Company restated its earnings per share calculation to allocate income and losses shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of shares participate pro rata in the income and losses of the Company. In accordance with SEC Staff Accounting Bulletin No. 99, “Materiality,” and SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company evaluated the corrections and has determined that the related impact was material to the previously filed financial statements that contained the error, reported in the Company’s the Company’s Form 10-Qs for the quarterly periods ended March 31, 2021, and June 30, 2021 (the “Affected Quarterly Periods”). Therefore, the Company, in consultation with its Audit Committee, concluded that the Affected Quarterly Periods should be restated to present all Class A ordinary shares subject to possible redemption as temporary equity and to recognize accretion from the initial book value to redemption value at the time of its Initial Public Offering and calculate earnings per share pro rata between the two classes of shares. As such, the Company is reporting these restatements to those periods in this Quarterly Report on Form 10-Q/A. The impact of the restatement on the financial statements for the Affected Quarterly Periods is presented below. There is no impact to the reported amounts for total assets, total liabilities, cash flows and net income (loss). The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of March 31, 2021: As Previously As of March 31, 2021 (unaudited) Reported Adjustment As Restated Class A ordinary shares subject to possible redemption $ 129,592,160 $ 8,407,840 $ 138,000,000 Class A ordinary shares 134 (84) 50 Additional paid-in capital 5,313,038 (5,313,038) — Accumulated deficit (313,512) (3,094,718) (3,408,230) Total shareholders' equity (deficit) $ 5,000,005 $ (8,407,840) $ (3,407,835) Shares of Class A ordinary shares subject to possible redemption 12,959,216 840,784 13,800,000 Shares of Class A non-redeemable ordinary shares 1,341,784 (840,784) 501,000 The Company’s unaudited condensed statement of shareholders’ equity (deficit) has been restated to reflect the changes to the impacted shareholders’ equity (deficit) accounts described above. The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed statement of cash flows for the three months ended March 31, 2021: Three Months Ended March 31, 2021 (unaudited) Supplemental Disclosure of Noncash Financing Activities: As Reported Adjustment As Restated Initial value of Class A ordinary shares subject to possible redemption $ 129,841,480 $ (129,841,480) $ — Change in value of Class A ordinary shares subject to possible redemption $ (249,320) $ 249,320 $ — The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of June 30, 2021: As Previously As of June 30, 2021 (unaudited) Reported Adjustment As Restated Class A ordinary shares subject to possible redemption $ 129,391,690 $ 8,608,310 $ 138,000,000 Class A ordinary shares 136 (86) 50 Additional paid-in capital 5,513,506 (5,513,506) — Accumulated deficit (513,981) (3,094,718) (3,608,699) Total shareholders' equity (deficit) $ 5,000,006 $ (8,608,310) $ (3,608,304) Shares of Class A ordinary shares subject to possible redemption 12,939,169 860,831 13,800,000 Shares of Class A non-redeemable ordinary shares 1,361,831 (860,831) 501,000 The Company’s unaudited condensed statement of shareholders’ equity (deficit) has been restated to reflect the changes to the impacted shareholders’ equity (deficit) accounts described above. The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed statement of cash flows for the six months ended June 30, 2021: Six Months Ended June 30, 2021 (unaudited) Supplemental Disclosure of Noncash Financing Activities: As Reported Adjustment As Restated Initial value of Class A ordinary shares subject to possible redemption $ 129,841,480 $ (129,841,480) $ — Change in value of Class A ordinary shares subject to possible redemption $ (449,790) $ 449,790 $ — The impact to the reported amounts of weighted average shares outstanding and basic and diluted earnings per ordinary share is presented below for the Affected Quarterly Periods: Loss Per Share As Reported Adjustment As Restated For the three months ended March 31, 2021 (unaudited) Net loss $ (281,055) $ — $ (281,055) Weighted average shares outstanding - Class A ordinary shares 13,800,000 (1,088,000) 12,712,000 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.02) $ (0.02) Weighted average shares outstanding - Class B ordinary shares 3,845,333 (445,333) 3,400,000 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.07) $ 0.05 $ (0.02) For three months ended June 30, 2021 (unaudited) Net loss $ (200,469) $ — $ (200,469) Weighted average shares outstanding - Class A ordinary shares 13,800,000 501,000 14,301,000 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.01) $ (0.01) Weighted average shares outstanding - Class B ordinary shares 3,951,000 (501,000) 3,450,000 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.05) $ 0.04 $ (0.01) For the six months ended June 30, 2021 (unaudited) Net loss $ (481,524) $ — $ (481,524) Weighted average shares outstanding - Class A ordinary shares 13,800,000 (289,110) 13,510,890 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.03) $ (0.03) Weighted average shares outstanding - Class B ordinary shares 3,898,459 — 3,425,138 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.13) $ 0.1 $ (0.03)
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 auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, 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. Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 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.
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.
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 and investments held in the Trust Account. As of September 30, 2021 and December 31, 2020, the Company had 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 September 30, 2021 and December 31, 2020.
Due from Related Party, Net	Due from Related Party, Net Due from related party, net consist of amounts due to (from) the Company from (to) the Sponsor, a related party, and are recorded at the net amount. As of September 30, 2021, approximately $1,000 is due from the Sponsor and is included in due from related party, net on the accompanying condensed balance sheets. There was no balance due from related party, net as of 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 from investments held in Trust Account in the accompanying unaudited condensed statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. Additionally, the Company’s investments held in the Trust Account are classified as assets that are not current, as such funds are restricted from use until the Business Combination, which the Company has until January 11, 2023, to complete.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities which qualify as financial instruments under FASB ASC Topic 820, “Fair Value Measurements,” equal or approximate the carrying amounts represented in the balance sheet due to their short-term nature.
Fair Value Measurements	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.
Offering Costs Associated with the Initial Public Offering	Offering Costs Associated with the Initial Public Offering Offering costs consisted of legal, accounting, underwriter fees and other costs incurred that were directly related to the Initial Public Offering and that were charged against their carrying value upon the completion of the Initial Public Offering. The Company classifies deferred underwriting commissions as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities.
Class A Ordinary Shares 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 480. 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. The Company’s Public 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, at September 30, 2021, 13,800,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s unaudited condensed balance sheets. There were no Class A ordinary shares outstanding as of December 31, 2020. Under ASC 480-10S99, the Company has elected to recognize changes in the redemption value immediately as they occur and adjust the carrying value of the security to equal the redemption value at the end of each reporting period. This method would view the end of the reporting period as if it were also the redemption date for the security. Effective with the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount, which resulted in charges against additional paid-in capital (to the extent available) and accumulated deficit.
Net Income (Loss) Per Ordinary Share	Net Income (Loss) Per Ordinary Share The Company complies with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of ordinary shares. Net income (loss) per ordinary share is calculated by dividing the net income (loss) by the weighted average ordinary shares outstanding for the respective period. At September 30, 2021, the Company did not have any dilutive securities and other contracts that could potentially be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net loss per ordinary share is the same as basic net loss per ordinary share for the three and nine months ended September 30, 2021. Accretion associated with the redeemable Class A ordinary shares is excluded from earnings per ordinary share as the redemption value approximates fair value. The following table reflects presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per ordinary share for each class of ordinary shares: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 Class A Class B Class A Class B Basic and diluted net loss per ordinary share: Numerator: Allocation of net loss $ (137,100) $ (33,074) $ (521,685) $ (130,013) Denominator: Basic and diluted weighted average ordinary shares outstanding 14,301,000 3,450,000 13,777,154 3,433,516 Basic and diluted net loss per ordinary share $ (0.01) $ (0.01) $ (0.04) $ (0.04)
Income Taxes	Income Taxes FASB ASC 740, “Income Taxes,” 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 September 30, 2021 and December 31, 2020. 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. As of September 30, 2021 and December 31, 2020, there were no unrecognized tax benefits and no amounts were accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s unaudited condensed financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued 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 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 Company’s unaudited condensed financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated) (Tables)	9 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (restated)
Summarizes the effect of the correction on each financial statement line item	The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of March 31, 2021: As Previously As of March 31, 2021 (unaudited) Reported Adjustment As Restated Class A ordinary shares subject to possible redemption $ 129,592,160 $ 8,407,840 $ 138,000,000 Class A ordinary shares 134 (84) 50 Additional paid-in capital 5,313,038 (5,313,038) — Accumulated deficit (313,512) (3,094,718) (3,408,230) Total shareholders' equity (deficit) $ 5,000,005 $ (8,407,840) $ (3,407,835) Shares of Class A ordinary shares subject to possible redemption 12,959,216 840,784 13,800,000 Shares of Class A non-redeemable ordinary shares 1,341,784 (840,784) 501,000 The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed statement of cash flows for the three months ended March 31, 2021: Three Months Ended March 31, 2021 (unaudited) Supplemental Disclosure of Noncash Financing Activities: As Reported Adjustment As Restated Initial value of Class A ordinary shares subject to possible redemption $ 129,841,480 $ (129,841,480) $ — Change in value of Class A ordinary shares subject to possible redemption $ (249,320) $ 249,320 $ — The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of June 30, 2021: As Previously As of June 30, 2021 (unaudited) Reported Adjustment As Restated Class A ordinary shares subject to possible redemption $ 129,391,690 $ 8,608,310 $ 138,000,000 Class A ordinary shares 136 (86) 50 Additional paid-in capital 5,513,506 (5,513,506) — Accumulated deficit (513,981) (3,094,718) (3,608,699) Total shareholders' equity (deficit) $ 5,000,006 $ (8,608,310) $ (3,608,304) Shares of Class A ordinary shares subject to possible redemption 12,939,169 860,831 13,800,000 Shares of Class A non-redeemable ordinary shares 1,361,831 (860,831) 501,000 The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed statement of cash flows for the six months ended June 30, 2021: Six Months Ended June 30, 2021 (unaudited) Supplemental Disclosure of Noncash Financing Activities: As Reported Adjustment As Restated Initial value of Class A ordinary shares subject to possible redemption $ 129,841,480 $ (129,841,480) $ — Change in value of Class A ordinary shares subject to possible redemption $ (449,790) $ 449,790 $ — The impact to the reported amounts of weighted average shares outstanding and basic and diluted earnings per ordinary share is presented below for the Affected Quarterly Periods: Loss Per Share As Reported Adjustment As Restated For the three months ended March 31, 2021 (unaudited) Net loss $ (281,055) $ — $ (281,055) Weighted average shares outstanding - Class A ordinary shares 13,800,000 (1,088,000) 12,712,000 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.02) $ (0.02) Weighted average shares outstanding - Class B ordinary shares 3,845,333 (445,333) 3,400,000 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.07) $ 0.05 $ (0.02) For three months ended June 30, 2021 (unaudited) Net loss $ (200,469) $ — $ (200,469) Weighted average shares outstanding - Class A ordinary shares 13,800,000 501,000 14,301,000 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.01) $ (0.01) Weighted average shares outstanding - Class B ordinary shares 3,951,000 (501,000) 3,450,000 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.05) $ 0.04 $ (0.01) For the six months ended June 30, 2021 (unaudited) Net loss $ (481,524) $ — $ (481,524) Weighted average shares outstanding - Class A ordinary shares 13,800,000 (289,110) 13,510,890 Basic and diluted loss per ordinary share - Class A ordinary shares $ — $ (0.03) $ (0.03) Weighted average shares outstanding - Class B ordinary shares 3,898,459 — 3,425,138 Basic and diluted loss per ordinary shares - Class B ordinary shares $ (0.13) $ 0.1 $ (0.03)
Schedule of basic and diluted net income (loss) per common share	The following table reflects presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per ordinary share for each class of ordinary shares: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 Class A Class B Class A Class B Basic and diluted net loss per ordinary share: Numerator: Allocation of net loss $ (137,100) $ (33,074) $ (521,685) $ (130,013) Denominator: Basic and diluted weighted average ordinary shares outstanding 14,301,000 3,450,000 13,777,154 3,433,516 Basic and diluted net loss per ordinary share $ (0.01) $ (0.01) $ (0.04) $ (0.04)

CLASS A ORDINARY SHARES SUBJE_2

CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION (Tables)	9 Months Ended
	Sep. 30, 2021
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
Summary of reconciliation of Class A common stock reflected on the balance sheet	Gross proceeds $ 138,000,000 Less: Class A ordinary shares issuance costs (8,129,323) Plus: Accretion of carrying value to redemption value 8,129,323 Class A ordinary shares subject to possible redemption $ 138,000,000

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Sep. 30, 2021
FAIR VALUE MEASUREMENTS
Schedule of company's assets that are measured at fair value on a recurring basis	Quoted Prices in Significant Other Significant Other Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Mutual funds invested in US Treasury securities $ 138,009,907 — —

DESCRIPTION OF ORGANIZATION A_2

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details)	Jan. 11, 2021USD ($)$ / sharesshares	Oct. 26, 2020	Mar. 31, 2021USD ($)	Sep. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)
Subsidiary, Sale of Stock [Line Items]
Condition for future business combination number of businesses minimum		1
Proceeds received from initial public offering, gross				$ 138,000,000
Offering costs				3,131,780
Deferred underwriting fees				$ 4,830,000
Condition for future business combination use of proceeds percentage				80
Condition for future business combination threshold percentage ownership				50
Condition for future business combination threshold net tangible assets				$ 5,000,001
Redemption limit percentage without prior consent				15
Obligation to redeem Public Shares if entity does not complete a Business Combination (as a percent)				100.00%
Maximum allowed dissolution expenses				$ 100,000
Amount in operating bank account				641,554
working capital				$ 1,000,000
Consideration to cover expenses			$ 5,010,000
Redemption period upon closure				24 months
Founder Shares
Subsidiary, Sale of Stock [Line Items]
Consideration to cover expenses				$ 25,000
Advances due to related party				$ 145,000
Related Party Loans
Subsidiary, Sale of Stock [Line Items]
Purchase price, per unit \| $ / shares				$ 10
Working Capital Loan				$ 0	$ 0
IPO
Subsidiary, Sale of Stock [Line Items]
Sale of Class A ordinary shares in initial public offering, gross (in shares) \| shares	13,800,000
Purchase price, per unit \| $ / shares				$ 10
Proceeds received from initial public offering, gross	$ 138,000,000
Offering costs	8,100,000
Deferred underwriting fees	$ 4,800,000
IPO \| Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Purchase price, per unit \| $ / shares				$ 10
Proceeds received from initial public offering, gross				$ 138,000,000
Private Placement
Subsidiary, Sale of Stock [Line Items]
Sale of Class A ordinary shares in initial public offering, gross (in shares) \| shares				501,000
Purchase price, per unit \| $ / shares				$ 10
Sale of private placement warrants (in shares) \| shares	501,000
Price of warrant \| $ / shares	$ 10
Proceeds from sale of warrants	$ 5,000,000
Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Sale of Class A ordinary shares in initial public offering, gross (in shares) \| shares	1,800,000
Purchase price, per unit \| $ / shares	$ 10

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Federal depository insurance coverage amount	$ 250,000				$ 250,000
Cash equivalents	0				0	$ 0
Unrecognized tax benefits	0				0	0
Unrecognized tax benefits accrued for interest and penalties	0				0	0
Net Loss	170,174	$ 200,469	$ 281,055	$ 481,524	651,698
Due from related parties	1,000				1,000	$ 0
Minimum net tangible assets	$ 5,000,001				$ 5,000,001
Class A Common Stock Subject to Redemption
Class A common stock subject to possible redemption, outstanding (in shares)	13,800,000	13,800,000	13,800,000	13,800,000	13,800,000	0
Class A Ordinary Shares
Common shares, shares outstanding (in shares)	501,000	501,000	501,000	501,000	501,000	0
Allocation of net loss	$ (137,100)				$ (521,685)

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Company's previously reported unaudited condensed balance sheet (Details) - USD ($)	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jan. 07, 2021	Dec. 31, 2020
Class A ordinary shares subject to possible redemption		$ 138,000,000	$ 138,000,000
Additional paid-in capital					$ 24,655
Accumulated deficit	$ (3,778,873)	(3,608,699)	(3,408,230)		(32,457)
Total shareholders' equity (deficit)	$ (3,778,478)	(3,608,304)	(3,407,835)		$ (7,457)
As Previously Reported
Class A ordinary shares subject to possible redemption		129,391,690	129,592,160
Additional paid-in capital		5,513,506	5,313,038
Accumulated deficit		(513,981)	(313,512)
Total shareholders' equity (deficit)		5,000,006	5,000,005
Adjustment
Class A ordinary shares subject to possible redemption		8,608,310	8,407,840
Additional paid-in capital		(5,513,506)	(5,313,038)
Accumulated deficit		(3,094,718)	(3,094,718)
Total shareholders' equity (deficit)		(8,608,310)	(8,407,840)
Class A Ordinary Shares
Ordinary shares		$ 50	$ 50
Common shares, shares outstanding (in shares)	501,000	501,000	501,000		0
Class A Ordinary Shares \| As Previously Reported
Ordinary shares		$ 136	$ 134
Common shares, shares outstanding (in shares)		1,361,831	1,341,784
Class A Ordinary Shares \| Adjustment
Ordinary shares		$ (86)	$ (84)
Common shares, shares outstanding (in shares)		(860,831)	(840,784)
Class A Common Stock Subject to Redemption
Class A ordinary shares subject to possible redemption	$ 138,000,000
Class A common stock subject to possible redemption, outstanding (in shares)	13,800,000	13,800,000	13,800,000		0
Class A Common Stock Subject to Redemption \| As Previously Reported
Class A common stock subject to possible redemption, outstanding (in shares)		12,939,169	12,959,216
Class A Common Stock Subject to Redemption \| Adjustment
Class A common stock subject to possible redemption, outstanding (in shares)		860,831	840,784
Class B Ordinary Shares
Ordinary shares	$ 345				$ 345
Common shares, shares outstanding (in shares)	3,450,000			450,000	3,450,000

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Company's Previously Reported Unaudited Condensed Statement of Cash Flows (Details) - Class A Ordinary Shares - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2021	Jun. 30, 2021
As Previously Reported
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Initial value of Class A ordinary shares subject to possible redemption	$ 129,841,480	$ 129,841,480
Change in value of Class A ordinary shares subject to possible redemption	(249,320)	(449,790)
Adjustment
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Initial value of Class A ordinary shares subject to possible redemption	(129,841,480)	(129,841,480)
Change in value of Class A ordinary shares subject to possible redemption	$ 249,320	$ 449,790

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted average shares outstanding and basic and diluted earnings per ordinary share (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Sep. 30, 2021
Net loss	$ (170,174)	$ (200,469)	$ (281,055)	$ (481,524)	$ (651,698)
Class B Ordinary Shares
Weighted average shares outstanding	3,450,000	3,450,000	3,400,000	3,425,138	3,433,516
Basic and diluted loss per ordinary share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.04)
Class A Ordinary Shares
Weighted average shares outstanding	14,301,000	14,301,000	12,712,000	13,510,890	13,777,154
Basic and diluted loss per ordinary share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.04)
As Previously Reported
Net loss		$ (200,469)	$ (281,055)	$ (481,524)
As Previously Reported \| Class B Ordinary Shares
Weighted average shares outstanding		3,951,000	3,845,333	3,898,459
Basic and diluted loss per ordinary share		$ (0.05)	$ (0.07)	$ (0.13)
As Previously Reported \| Class A Ordinary Shares
Weighted average shares outstanding		13,800,000	13,800,000	13,800,000
Adjustment \| Class B Ordinary Shares
Weighted average shares outstanding		(501,000)	(445,333)
Basic and diluted loss per ordinary share		$ 0.04	$ 0.05	$ 0.1
Adjustment \| Class A Ordinary Shares
Weighted average shares outstanding		501,000	(1,088,000)	(289,110)
Basic and diluted loss per ordinary share		$ (0.01)	$ (0.02)	$ (0.03)

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Income (Loss) Per Ordinary Share (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Sep. 30, 2021
Class B Ordinary Shares
Numerator: Income allocable to Class A redeemable ordinary shares
Allocation of net loss	$ (33,074)				$ (130,013)
Denominator For Calculation Of Earnings Per Share [Abstract]
Basic and diluted weighted average shares outstanding	3,450,000	3,450,000	3,400,000	3,425,138	3,433,516
Basic and diluted net income (loss) per ordinary share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.04)
Class A Ordinary Shares
Numerator: Income allocable to Class A redeemable ordinary shares
Allocation of net loss	$ (137,100)				$ (521,685)
Denominator For Calculation Of Earnings Per Share [Abstract]
Basic and diluted weighted average shares outstanding	14,301,000	14,301,000	12,712,000	13,510,890	13,777,154
Basic and diluted net income (loss) per ordinary share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.04)

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details) - USD ($)	Jan. 11, 2021	Sep. 30, 2021
Subsidiary, Sale of Stock [Line Items]
Proceeds received from initial public offering, gross		$ 138,000,000
Offering costs		3,131,780
Deferred underwriting fees		$ 4,830,000
IPO
Subsidiary, Sale of Stock [Line Items]
Number of units sold	13,800,000
Purchase price, per unit		$ 10
Proceeds received from initial public offering, gross	$ 138,000,000
Offering costs	8,100,000
Deferred underwriting fees	$ 4,800,000
Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Number of units sold	1,800,000
Purchase price, per unit	$ 10

RELATED PARTY TRANSACTIONS - Fo

RELATED PARTY TRANSACTIONS - Founder Shares (Details) - USD ($)	Jan. 07, 2021	Dec. 29, 2020	Nov. 02, 2020	Mar. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Nov. 13, 2020
Related Party Transaction [Line Items]
Aggregate purchase price				$ 5,010,000
Class B Ordinary Shares
Related Party Transaction [Line Items]
Common shares, par value, (per share)					$ 0.0001	$ 0.0001
Transfer of Founder shares		42,000
Common Stock, Shares, Outstanding	450,000				3,450,000	3,450,000
Number of shares issued			3,593,750
Founder Shares \| Sponsor \| Class B Ordinary Shares
Related Party Transaction [Line Items]
Consideration received			$ 25,000
Consideration received, shares			3,593,750
Common shares, par value, (per share)			$ 0.0001
Number of shares surrender							718,750
Transfer of Founder shares		42,000
Common Stock, Shares, Outstanding	3,450,000
Number of shares subject to forfeiture	450,000
Percentage of issued and outstanding shares after the Initial Public Offering collectively held by initial stockholders	20.00%
Restrictions on transfer period of time after business combination completion					1 year
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
Founder Shares \| Sponsor \| Common Class B Shares Not Subject To Redemption Member
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding	450,000

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Nov. 02, 2020	Oct. 25, 2020
Related Party Transaction [Line Items]
Proceeds from Issuance of Private Placement	$ 5,010,000
Forward purchase agreement maximum shares to be purchased	$ 25,000,000
Private Placement
Related Party Transaction [Line Items]
Number of units sold	501,000
Purchase price, per unit	$ 10
Proceeds from Issuance of Private Placement	$ 5,000,000
Restrictions On Transfer Period Of Time After Business Combination Completion	30 days
Purchase price, per unit	$ 10
Sponsor
Related Party Transaction [Line Items]
Restrictions On Transfer Period Of Time After Business Combination Completion	30 days
Related Party Loans
Related Party Transaction [Line Items]
Purchase price, per unit	$ 10
Maximum borrowing capacity of related party promissory note			$ 300,000
Notes Payable, Related Parties				$ 145,000
Maximum amount of loans payable to related party convertible in to shares	$ 1,500,000
Purchase price, per unit	$ 10
Working Capital Loan	$ 0	$ 0

COMMITMENTS & CONTINGENCIES (De

COMMITMENTS & CONTINGENCIES (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)item$ / sharesshares
COMMITMENTS & CONTINGENCIES
Maximum number of demands for registration of securities \| item	3
Threshold Number of Days for Registration Statement to Become Effective	30 days
Number of Option-Day Period	45 days
Maximum number of additional shares to be issued \| shares	1,800,000
Underwriting cash discount per unit \| $ / shares	$ 0.20
Aggregate deferred underwriting fee payable \| $	$ 2.8
Deferred fee per unit \| $ / shares	$ 0.35
Underwriting fee payable \| $	$ 4.8

CLASS A ORDINARY SHARES SUBJE_3

CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION (Details)	9 Months Ended
	Sep. 30, 2021USD ($)Voteshares	Jun. 30, 2021USD ($)shares	Mar. 31, 2021USD ($)shares	Dec. 31, 2020shares
Redeemable Noncontrolling Interest [Line Items]
Gross proceeds	$ 138,000,000
Class A ordinary shares issuance costs	(8,129,323)
Accretion of Class A ordinary shares subject to redemption	$ 8,129,323
Class A ordinary shares subject to possible redemption		$ 138,000,000	$ 138,000,000
Class A Ordinary Shares
Redeemable Noncontrolling Interest [Line Items]
Number of votes for each share \| Vote	1
Class A Common Stock Subject to Redemption
Redeemable Noncontrolling Interest [Line Items]
Number of shares authorized \| shares	479,000,000			479,000,000
Temporary equity, shares issued \| shares	13,800,000			0
Temporary equity shares outstanding \| shares	13,800,000	13,800,000	13,800,000	0
Class A ordinary shares subject to possible redemption	$ 138,000,000

SHAREHOLDERS' DEFICIT - Preferr

SHAREHOLDERS' DEFICIT - Preferred Stock Shares (Details) - shares	Sep. 30, 2021	Dec. 31, 2020
SHAREHOLDERS' DEFICIT
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

SHAREHOLDERS' DEFICIT - Common

SHAREHOLDERS' DEFICIT - Common Stock Shares (Details) - $ / shares	Dec. 29, 2020	Nov. 13, 2020	Nov. 02, 2020	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jan. 07, 2021	Dec. 31, 2020
Class A Ordinary Shares
Class of Stock [Line Items]
Common shares, shares authorized (in shares)				479,000,000				479,000,000
Common shares, par value (in dollars per share)				$ 0.0001				$ 0.0001
Common shares, shares issued (in shares)				501,000				0
Common shares, shares outstanding (in shares)				501,000	501,000	501,000		0
Percentage of shares convertible upon business combination				20.00%
Class A Common Stock Subject to Redemption
Class of Stock [Line Items]
Class A common stock subject to possible redemption, issued (in shares)				13,800,000				0
Class A common stock subject to possible redemption, outstanding (in shares)				13,800,000	13,800,000	13,800,000		0
Class A Common Stock Not Subject to Redemption
Class of Stock [Line Items]
Common shares, shares issued (in shares)				14,301,000
Common shares, shares outstanding (in shares)				14,301,000
Class B Ordinary Shares
Class of Stock [Line Items]
Common shares, shares authorized (in shares)				20,000,000				20,000,000
Common shares, par value (in dollars per share)				$ 0.0001				$ 0.0001
Common shares, shares issued (in shares)				3,450,000				3,450,000
Common shares, shares outstanding (in shares)				3,450,000			450,000	3,450,000
Stock Issued During Period, Shares, New Issues			3,593,750
Stock Repurchased During Period, Shares		718,750
Transfer of Founder shares	42,000
Percentage Of Issued And Outstanding Shares After Initial Public Offering Collectively Held By Initial Stockholders				20.00%
Raito to be applied to the stock in the conversion				1
Common stock subject to redemption
Class of Stock [Line Items]
Number of shares subject to forfeiture				450,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	9 Months Ended
FAIR VALUE MEASUREMENTS (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Assets:
Investments held in Trust Account	$ 138,009,907
Recurring
Assets:
Assets measured at fair value		$ 0
Liabilities measured at fair value		$ 0
Level 1
Assets:
Investments held in Trust Account	138,009,907
Transfers from Level 1 to Level 2	0
Level 2
Assets:
Transfers from Level 2 to Level 1	0
Level 3
Assets:
Transfers in into Level 3	0
Transfers out of Level 3	$ 0