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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Measurements  
Schedule of company's assets that are measured at fair value on a recurring basis

Quoted Prices in Active

Significant Other

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

Investments held in Trust Account

 

$

203,834,057

 

$

$

Liabilities:

Derivative warrant liabilities -Public

$

2,377,650

$

$

Derivative warrant liabilities - Private

$

$

$

1,726,670

December 31, 2021

Quoted Prices in

Significant Other

Significant Other

Active Markets

Observable Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

  

  

  

Investments held in Trust Account

$

203,813,533

$

$

Liabilities:

 

  

 

  

 

  

Derivative warrant liabilities - Public

$

4,687,370

$

$

Derivative warrant liabilities - Private

$

$

$

3,406,670

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

As of March 31,2022

As of December 31,2021

Volatility

    

5.5

%

    

12.0

%

Stock price

$

9.75

$

9.76

Expected life of the options to convert

5.5

 

5.5

Risk-free rate

2.40

%

1.30

%

Dividend yield

0.0

%

 

0.0

%

Schedule of change in the fair value of the warrant liabilities

Level 3 -Derivative warrant liabilities at December 31, 2021

    

$

3,406,670

Change in fair value of derivative warrant liabilities

 

(1,680,000)

Level 3 -Derivative warrant liabilities at March 31, 2022

$

1,726,670

Level 3- Derivative warrant liabilities at January 29, 2021 (inception)

$

Issuance of derivative warrant liabilities

 

13,690,430

Change in fair value of derivative warrant liabilities

(66,660)

Level 3 -Derivative warrant liabilities at March 31, 2021

$

13,623,770