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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of the fair values of cash and cash equivalents, prepaid assets, accounts payable and accrued expenses
   Fair Value Measured as of
December 31,
2021
     
   Level 1   Level 2   Level 3   Total 
Assets:                
U.S. Treasury Securities held in Trust Account  $287,517,214   $
-
   $
-
   $287,517,214 
   $287,517,214   $
-
   $
-
   $287,517,214 
                     
Liabilities:                    
Private stock warrant liabilities  $
-
   $
-
   $2,958,000   $2,958,000 
Convertible promissory note – related party   
-
    
-
    480,203    480,203 
Public stock warrant liabilities   5,558,333    
-
    
-
    5,558,333 
   $5,558,333   $
-
   $3,438,203   $8,996,536 

 

Schedule of significant inputs to the valuation
   As of
December 31,
2021
   As of
January 28,
2021
 
Exercise price  $11.50   $11.50 
Stock price   9.75    10.00 
Volatility   13.50%   15.00%
Term   5.00    5.00 
Risk-free rate   1.26%   0.42%
Dividend yield   0.00%   0.00%

 

   As of
December 31,
2021
 
Conversion price  $1.50 
Private warrant price   0.58 
Volatility   13.50%
Term   0.85 
Risk-free rate   0.29%
Dividend yield   0.00%
Number of steps   50

 

Schedule of measured on a recurring basis
Convertible promissory note and private placement warrant liabilities at December 31, 2020  $
-
 
Issuance of private warrants   3,111,000 
Proceeds received through convertible promissory note – related party   650,000 
Change in fair value of convertible promissory note – related party   (169,797)
Change in fair value of warrant liabilities   (153,000)
Convertible promissory note and private placement warrant liabilities at December 31, 2021  $3,438,203 

 

Schedule of redeemable common stock reflected in the balance sheet
Gross proceeds  $287,500,000 
Less:     
Common stock issuance costs   (15,978,191)
Derivative public warrant liability   (5,750,000)
Plus:     
Fair value adjustment of carrying value to redemption value   21,728,191 
Class A common stock subject to possible redemption  $287,500,000 

 

Schedule of non-redeemable common stock shares’ proportionate interest
   December 31,
2021
   December 31,
2020
 
Class A Common Stock          
Numerator: Earnings allocable to Redeemable Class A Common Stock          
Net income (loss) allocable to Class A Common Stock subject to possible redemption  $(1,702,813)  $
-
 
Denominator: Weighted Average Class A Common Stock          
Basic and diluted weighted average shares outstanding   26,544,521    6,250,000 
Basic and diluted net income per share  $(0.06)  $
-
 
           
Non-redeemable common stock          
Numerator: Net Loss minus Net Earnings          
Net loss allocable to non-redeemable common stock  $(461,073)  $
-
 
Denominator: Weighted Average non-redeemable common stock          
Basic and diluted weighted average shares outstanding   7,187,500    6,250,000 
Basic and diluted net loss per share  $(0.06)  $
-