Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities that are Measured at Fair Value on a 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 March 31, 2022 and December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	March 31, 2022				December 31, 2021
	Level		Amount		Level		Amount
Assets:
Marketable securities held in Trust Account		1	$	301,570,196		1	$	301,518,928
Liabilities:
Warrant Liability – Private Placement Warrants		3	$	195,650		3	$	250,250

Summary of Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements:

	March 31, 2022			December 31, 2021			October 5, 2021 (Initial Measurement)
Stock price	$	9.85		$	9.77		$	10.00
Exercise price	$	11.50		$	11.50		$	11.50
Expected term (in years)		5.50			5.75			5.99
Volatility		6.5	%		10.2	%		15.9	%
Risk-free rate		2.39	%		1.32	%		1.14	%
Dividend yield		0.0	%		0.0	%		0.0	%

Summary of Change in the Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of Level 3 warrant liabilities:

	Warrant Liabilities
Fair value as of December 31, 2021	$	250,250
Change in fair value		(54,600	)
Fair value as of March 31, 2022	$	195,650