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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets that are measured at fair value on a recurring basis
   December 31,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2021   (Level 1)   (Level 2)   (Level 3) 
Description                
Investments held in trust account- U.S. Money Market Fund  $484   $484   $
-
   $
-
 
Investments held in trust account- U.S. Treasure Securities   345,105,197    
-
    345,105,197    
-
 
Total Investments held in Trust Account  $345,105,681   $484   $345,105,197   $
-
 
                     
Warrant liabilities – Public warrants  $4,916,250   $4,916,250   $
-
   $
-
 
Warrant liabilities – Private warrants   3,572,000    
-
    
-
    3,572,000 
Total Warrant liabilities  $8,488,250   $4,916,250   $
-
   $3,572,000 

 

Schedule of quantitative information regarding Level 3 fair value measurements
   At
March 2,
2021
(Initial
Measurement)
  At
December 31,
2021
 
Share price  $10.16  $9.68 
Strike price  $11.50  $11.50 
Term (in years)   5.0   0.50 
Volatility   17.0%   10.5% 
Risk-free rate   0.88%   1.30% 
Dividend yield   0.0%   0.0% 

 

Schedule of changes in the fair value of warrant liabilities
   Public   Private
Placement
   Warrant
Liabilities
 
             
Fair value as of January 1, 2021  $
   $
   $
 
Initial measurement on March 2, 2021   10,350,000    7,520,000    17,870,000 
Change in valuation inputs or other assumptions   (5,433,750)   (3,948,000)   (9,381,750)
Fair value as of December 31, 2021   4,916,250    3,572,000    8,488,250 

 

   Private
Placement
   Public   Total
Warrant
Liabilities
 
Fair value as of January 1, 2021  $
   $
   $
 
Initial measurement on March 2, 2021   7,520,000    10,350,000    17,870,000 
Transfer to Level 1   
    (10,350,000)   (10,350,000)
Change in fair value   (3,948,000)   
    (3,948,000)
Fair value as of December 31, 2021  $3,572,000   $
   $3,572,000