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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis
Description  Level  

December 31,
2021

  

December 31,
2020

 
Assets:            
Marketable securities held in Trust Account – U.S. Treasury Securities Money Market Fund   1   $250,008,357   $250,001,576 
                
Liabilities:               
Warrant liabilities – Public Warrants   1   $21,166,668   $16,833,335 
Warrant liabilities – Public Warrants   3   $
   $
 
Warrant liabilities – Private Placement Warrants   3   $313,600   $471,466 

 

Schedule of model for the private placement warrants and the public warrants
Input 

December 31,

2021

  

 December 31,

2020    

 
Stock price  $9.92   $10.00 
Strike price  $11.50   $11.50 
Term (in years)   5.3    5.4 
Volatility   35.0%   35.0%
Risk-free rate   1.3%   0.4%
Dividend yield   0.0%   0.0%

 

Schedule of changes in the fair value of warrant liabilities
Fair value of derivative warrant liabilities as of December 31, 2020  $17,304,801 
Change in fair value of derivative warrant liabilities   3,422,667 
Transfer to Level 1   (20,000,002)
Fair value of derivative warrant liabilities as of March 31, 2021  $727,466 
Change in fair value of derivative warrant liabilities   170,666 
Fair value of derivative warrant liabilities as of June 30, 2021  $898,132 
Change in fair value of derivative warrant liabilities   (307,200)
Fair value of derivative warrant liabilities as of September 30, 2021  $590,932 
Change in fair value of derivative warrant liabilities   (277,332)
Fair value of derivative warrant liabilities as of December 31, 2021  $313,600