Fair Value Measurements on a Recurring Basis (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets:
Assets held in Trust Account - U.S. Treasury Securities	$	250,014,385	$	-	$	-	$	250,014,385
Liabilities:
Warrant liability	$	-	$	8,277,333	$	-	$	8,277,333
FPS liability		-		-		2,055,630		2,055,630
Total Liabilities	$	-	$	8,277,333	$	2,055,630	$	10,332,963

Schedule of quantitative information in the fair value measurement of Warrants

	February 2, 2021
Risk-free interest rate		0.61	%
Expected term (years)		5
Expected volatility		17.5	%
Exercise price	$	11.50
Stock price	$	10.00
Dividend yield		0.0	%

Schedule of changes in the fair value of warrant liability

	Private Placement			Public			Warrant Liability
Fair value as of February 2, 2021	$	242,560		$	10,106,666		$	10,349,226
Change in valuation inputs or other assumptions(1)		(104,560	)		(4,356,666	)		(4,461,226	)
Fair value as of March 31, 2021		138,000			5,750,000			5,888,000
Change in valuation inputs or other assumptions(1)		82,000			3,416,666			3,498,666
Fair value as of June 30, 2021		220,000			9,166,666			9,386,666
Change in valuation inputs or other assumptions(1)		(26,000	)		(1,083,333	)		(1,109,333	)
Fair value as of September 30, 2021(2)	$	194,000		$	8,083,333		$	8,277,333

Schedule of summary of the changes in the fair value of the FPS liability

	FPS Liability
Fair value as of February 2, 2021	$	2,667,992
Change in valuation inputs or other assumptions(1)		(615,957	)
Fair value as of March 31, 2021		2,052,035
Change in valuation inputs or other assumptions(1)		166,057
Fair value as of June 30, 2021		2,218,092
Change in valuation inputs or other assumptions(1)		(162,462	)
Fair value as of September 30, 2021	$	2,055,630