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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of financial assets that are measured at fair value on a recurring basis


		June 30,		December 31,
Description	Level	2022		2021
Assets:
Cash and marketable securities held in Trust Account	1	$	202,635,851	$	202,523,092

Liabilities:
Warrant Liability – Public Warrants	1	$	704,406	$	4,913,415
Warrant Liability – Private Placement Warrants	3	$	545,669	$	3,810,454

Schedule of quantitative information regarding Level 3 fair value measurements inputs


	June 30,			December 31,
Input	2022			2021
Risk-free interest rate		2.97	%		1.13	%
Effective expiration date		10/01/2025			2/18/2026
Trading days per year		252			252
Expected volatility		3.0	%		11.0	%
Exercise price	$	11.50		$	11.50
Stock Price	$	10.01		$	9.90

Schedule of change in the fair value of the warrant liabilities


	Warrant Liabilities
	Private Placement
Fair value as of January 1, 2022	$	3,810,454
Change in fair value of warrant liabilities		(1,952,497)
Fair value as of March 31, 2022	$	1,857,957
Change in fair value of warrant liabilities		(1,312,288)
Fair value as of June 30, 2022	$	545,669

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details