XML 32 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Warrant Liabilities (Tables)
12 Months Ended
Dec. 31, 2021
Warrant Liabilities [Abstract]  
Schedule of private placement warrants
Inputs  Public
Warrant
   Private
Warrant
 
Exercise price  $11.50   $11.50 
Stock price  $9.02   $9.02 
Volatility   14% pre-
merger / 24.4% post-
merger
    14% pre-
merger /24.4% post-
merger
 
Expected term of the warrants   5.85 years    5.85 years 
Risk-free rate   1.07%   1.07%
Dividend yield   0    0 

 

Schedule of private placement warrants
Inputs  Private
Warrant
 
Exercise price  $11.50 
Stock price  $9.88 
Volatility   14% pre-merger /
9.2% post-merger
 
Expected term of the warrants   5.25 years 
Risk-free rate   1.28%
Dividend yield   0 

 

Schedule of changes in the fair value of the Level 3 warrant liability
   Warrant
Liability
 
Fair value as of December 31, 2020  $
-  
 
Initial fair value of warrant liability upon issuance at IPO and over-allotment   16,962,761 
Transfer of Public Warrants out of level 3 to level 1   (6,909,375)
Change in fair value   (9,794,530)
Fair value as of December 31, 2021  $258,856