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Recurring Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets and liabilities measured on recurring basis

 

December 31,
2021

 

Quoted
Prices In
Active
Markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Other
Observable
Inputs
(Level 3)

Assets:

 

 

   

 

   

 

   

 

 

Cash held in Trust Account

 

$

172,516,200

 

$

172,516,200

 

$

 

$

   

 

172,516,200

 

 

172,516,200

 

 

 

 

   

 

   

 

   

 

   

 

 

Liabilities:

 

 

   

 

   

 

   

 

 

Public Warrants

 

$

8,337,500

 

$

8,337,500

 

$

 

$

Private Placement Warrants

 

 

261,733

 

 

 

 

 

 

261,733

Warrant Liability

 

$

8,599,233

 

$

8,337,500

 

$

 

$

261,733

Schedule of fair value of initial measurement

Inputs

 

February 23,
2021
(Initial
Measurement)

Risk-free interest rate

 

 

0.9

%

Expected term (years)

 

 

6.4

 

Expected volatility

 

 

14.0

%

Exercise price

 

$

11.50

 

     

Inputs

 

December 31,
2021

Risk-free interest rate

 

 

1.30

%

Expected term (years)

 

 

5.5

 

Expected volatility

 

 

18.5

%

Exercise price

 

$

11.50

 

Dividend yield

 

 

 

Schedule of change in fair value of level 3 warrant liabilities

Warrant liability at January 1, 2021

 

$

 

Initial warrant liability at February 23,2021

 

 

5,276,966

 

Transfer of public warrants to Level 1

 

 

(5,117,500

)

Change in fair value of warrant liability

 

 

102,267

 

Warrant liability at December 31,2021

 

$

261,733