WARRANTS (Tables)

6 Months Ended

Jun. 30, 2022

Warrants [Abstract]

Schedule of Under the Binomial-Lattice Model (“BLM”) that Assumes Optimal Exercise of the Company’s Redemption Option

The Private Warrants were valued using the following assumptions under the Monte Carlo Model that assumes optimal exercise of the Company’s redemption option at the earliest possible date:

	June 30, 2022
Market price of public stock	$	2.22
Exercise price	$	11.50
Expected term (years)	4.07
Volatility	65.65		%
Risk-free interest rate	2.96		%
Dividend rate	0.00		%