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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

Description
  
Level
    
December 31,
2021
  
Assets:
            
Marketable securities held in Trust Account – U.S. Treasury Securities Money Market Fund
    
1
    
$
287,523,555
  
 
                
Liabilities:
                
Warrant Liabilities – Public Warrants
    
1
     $
7,618,750
  
Warrant Liabilities – Private Placement Warrants
    
3
     $
4,372,500
  
Key Inputs into Modified Black Scholes Model for Level 3 Warrants
The key inputs into the Modified Black Scholes model for the Level 3 Warrants were as follows:

Input
  
December 31, 2021
    
March 5, 2021 (Initial Measurement)
  
Market price of public shares
  
$
9.70
    
$
9.53
  
Risk-free rate
    
1.30
%
    
0.99
%
Dividend yield
    
0.00
%
    
0.00
%
Exercise price
  
$
11.50
    
$
11.50
  
Volatility
    
9.50
%
    
15
%
Term to Expiration (years)
    
5.0
      
5.0
  
Change in Fair Value of Warrant Liabilities
The following table presents the changes in the fair value of level 3 warrant liabilities:

 
  
Private
Placement
    
Public
    
Warrant Liabilities
  
Fair value as of January 1, 2021
  
$
—
    
$
—
    
$
—
  
Initial measurement on March 4, 2021
    
7,590,000
      
13,081,250
      
20,671,250
  
Change in fair value
    
(3,217,500
)
    
(1,581,250
)
    
(4,798,750
)
Transfers to Level 1
    
—
      
(11,500,000
)
    
(11,500,000
)
Fair value as of December 31, 2021
  
$
4,372,500
    
$
—
    
$
4,372,500