Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022 and December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	June 30, 2022				December 31, 2021
	Level		Amount		Level		Amount
Assets:
Marketable securities held in Trust Account		1	$	301,822,014		1	$	301,518,928
Liabilities:
Warrant Liability – Private Placement Warrants		3	$	77,350		3	$	250,250

Summary of Fair Value Measurements Inputs

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

	June 30,2022			December 31, 2021
Stock price	$	9.88		$	9.77
Exercise price	$	11.50		$	11.50
Expected term (in years)		5.50			5.75
Volatility		1.7	%		10.2	%
Risk-free rate		2.97	%		1.32	%
Dividend yield		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
Change in fair value		(118,300	)
Fair value as of June 30, 2022	$	77,350