Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Measurements

Schedule of Company's assets and liabilities that are measured at fair value on a recurring basis

June 30, 2022 (unaudited)

	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 - U.S. Treasury Securities (1)	$	234,983,462	$	—	$	—
Liabilities:
Convertible note - related party	$	—	$	—	$	1,011,808
Derivative liabilities- Public Warrants	$	2,530,000	$	—	$	—
Derivative liabilities- Private Placement Warrants	$	—	$	2,321,000	$	—
Derivative liabilities - Forward Purchase Agreement	$	—	$	—	$	771,999

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 - U.S. Treasury Securities (2)	$	234,618,654	$	—	$	—
Liabilities:
Convertible note - related party	$	—	$	—	$	1,053,556
Derivative liabilities- Public Warrants	$	5,806,420	$	—	$	—
Derivative liabilities- Private Placement Warrants	$	—	$	—	$	5,301,100
Derivative liabilities - Forward Purchase Agreement	$	—	$	—	$	393,460

(1) Excludes $726 of cash balance held within the Trust Account

(2) Excludes $344 of cash balance held within the Trust Account

Schedule of quantitative information regarding Level 3 fair value measurements inputs

June 30, 2022 (unaudited)

	Forward Purchase
	Agreements			Convertible Note
Exercise price	$	10.00		$	1.00
Stock price	$	10.12		$	0.22
Term (years)		0.71			0.71
Volatility		—			49.0	%
Risk-free rate		2.60	%		2.60	%
Dividend yield		0.0	%		0.0	%

December 31, 2021

				Forward Purchase
	Warrants			Agreements			Convertible Note
Exercise price	$	11.50		$	10.00		$	1.00
Stock price	$	9.82		$	9.85		$	0.50
Term (years)		5.88			0.87			0.87
Volatility		8.6	%		—			65.5	%
Risk-free rate		1.33	%		0.34	%		0.34	%
Dividend yield		0.0	%		0.0	%		0.0	%

Schedule of change in the fair value of the warrant liabilities

Derivative liabilities at December 31, 2021	$	5,694,560
Transfer of Private Placement Warrants to Level 2		(5,301,100)
Change in fair value of derivative warrant liabilities		385,990
Derivative liabilities at March 31, 2022 (unaudited)		779,450
Change in fair value of derivative warrant liabilities		(7,451)
Derivative liabilities at June 30, 2022 (unaudited)	$	771,999

Schedule of fair value of convertible note related party

Convertible note - related party at December 31, 2021	$	1,053,556
Change in fair value of convertible note - related party		4,208
Convertible note - related party at March 31, 2022 (unaudited)		1,057,764
Change in fair value of convertible note - related party		(45,956)
Convertible note - related party at June 30, 2022 (unaudited)	$	1,011,808