FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Schedule Of Fair Value Measurement Of Assets And Liabilities Based On Hierarchy

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of 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:


Description	Level	March 31, 2022		December 31, 2021
Assets:
Investments held in the Trust Account	1	$	155,270,126	$	155,258,024
Liabilities:
Warrant liability—Public Warrants	1	$	2,058,474	$	3,482,017
Warrant liability—Private Placement Warrants	3	$	3,857,074	$	6,389,052

Schedule Of Assumptions Used In Estimating The Fair Value Of Warrants

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


	As of March 31, 2022			As of December 31, 2021
Stock price	$	9.24		$	9.32
Strike price	$	11.50		$	11.50
Public Warrant price	$	0.53		$	0.90
Term (in years)	5.0			5.0
Volatility (pre-merger)	10.00		%	10.00		%
Volatility (post-merger)	40.00		%	40.00		%
Risk-free rate	2.39		%	1.31		%
Dividend yield	0.00		%	0.00		%

Summary of changes in the fair value of warrant liabilities

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


	Private Placement Warrants
Fair value as of December 31, 2021	$	6,389,052
Change in valuation inputs or other assumptions	(2,531,978)
Fair value of Warrants transferred out of Level 3	—
Fair value of Level 3 warrant liabilities as of March 31, 2022	$	3,857,074


	Private Placement Warrants		Public Warrants		Warrant Liabilities
Fair value as of March 8, 2021	$	6,091,858	$	3,326,894	$	9,418,752
Change in valuation inputs or other assumptions	23,592		21,174		44,766
Fair value of Warrants transferred out of Level 3	—		(3,348,068)		(3,348,068)
Fair value of Level 3 warrant liabilities as of March 31, 2021	$	6,115,450	$	—	$	6,115,450