XML 33 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of measured at fair value on a recurring basis
   December 31,
2021
   Quoted
Prices In
Active
Markets
(Level 1)
   Significant
Other
Observable
Inputs
(Level 2)
   Significant
Other
Unobservable
Inputs
(Level 3)
 
Description                
Assets:                
Mutual Funds held in Trust Account  $345,018,988   $345,018,988   $
-
   $
-
 
Liabilities:                    
Warrant liabilities   9,089,893    5,863,850    
-
    3,226,043 
   $354,108,881   $350,882,838   $
       -
   $3,226,043 

  

Schedule of level 3 fair value measurements
   At
December 31,
2021
 
Stock price  $9.73 
Strike price  $11.50 
Term (in years)   5.91 
Volatility   9.5%
Risk-free rate   1.34%
Dividend yield   0%

 

Schedule of changes in the fair value of warrant liabilities
   Warrant 
   Liability 
Fair value at January 1, 2021  $
 
Initial value at IPO date   23,290,337 
Transfer of Public Warrants from level 3 to level 1   (15,595,052)
Change in fair value   (4,469,242)
Fair value at December 31, 2021  $3,226,043