XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.1
RECURRING FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
RECURRING FAIR VALUE MEASUREMENTS  
Schedule of Company's financial assets and liabilities that were accounted for at fair value on a recurring basis

​

​

​

​

​

​

​

​

​

​

​

​

    

Level 1

    

Level 2

    

Level 3

Assets:

 

​

  

 

​

  

 

​

  

Investments held in Trust Account - U.S. Treasury Securities (1)

​

$

276,079,687

​

$

—

​

$

—

Liabilities:

​

 

  

​

 

  

​

 

  

Private Placement Warrants

​

$

—

​

$

—

​

$

2,692,800

Public Warrants

​

$

4,692,000

​

$

—

​

$

—

​

(1)Matures January 6, 2022.
Schedule of key inputs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

February 11, 2021

​

​

    

December 31, 

    

​

(initial

 

Input

​

2021

 

​

measurement date)

 

Risk-free interest rate

 

​

1.26

%

​

0.46

%

Expected term (years)

 

​

5.0

​

​

5.0

​

Expected volatility

 

​

10.50

%

​

23.0

%

Dividend rate

 

​

0.0

%

​

0.00

%

Exercise price

​

$

11.50

​

$

11.50

​

Schedule of changes in the fair value of warrant liabilities

​

​

​

​

​

Fair value at issuance February 11, 2021

    

$

18,028,933

Public Warrants reclassified to level 1(1)

​

 

(9,200,000)

Issuance of Private Placement Warrants upon conversion of Working Capital Loans

​

 

68,000

Change in fair value

​

 

(6,204,133)

Fair Value at December 31, 2021

​

 

2,692,800

​

(1)Assumes the Public Warrants were reclassified on June 30, 2021.