XML 29 R18.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Measurements Table [Abstract]  
Schedule of fair value hierarchy of the valuation inputs
   December 31,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2021   (Level 1)   (Level 2)   (Level 3) 
Assets:                
Cash and Investments held in Trust Account  $310,043,588   $310,043,588   $
   $
 
   $310,043,588   $310,043,588   $
   $
 
Liabilities:                    
Public Warrant Liability  $6,510,000   $6,510,000   $
   $
 
Private Warrant Liability   3,473,299    
    
    3,473,299 
   $9,983,299   $6,510,000   $
   $3,473,299 

 

Schedule of changes in the fair value of Level 3 warrant liabilities
   Warrant
Liabilities
 
Fair Value as of December 31, 2020  $
 
Initial measurement on January 29, 2021   30,954,321 
Public warrant liability transferred to Level 1   (6,613,333)
Change in fair value   (20,867,689)
Fair Value as of December 31, 2021  $3,473,299 

 

Schedule of key inputs black sholes models
Inputs  (Initial Measurement)
January 29,
2021
   December 31,
2021
 
Risk-free interest rate   0.62%   1.31%
Dividend rate   0.00%   0.00%
Expected term remaining (years)   6.0    5.54 
Volatility before Initial Business Combination   20.0%   5.0%
Volatility after Initial Business Combination   20%-30%   11.9%
Share price  $10.05   $9.76 
Exercise Price  $11.50   $11.50