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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description
  
Level
    
December 31,
2021
  
Assets:
            
Marketable securities held in Trust Account
    
1
    
$
250,035,732
  
                 
Liabilities:
                
Warrant liability – Public Warrants
    
1
    
$
6,629,871
  
Warrant liability – Private Placement Warrants
    
3
    
$
3,933,105
  
Level 3 Fair Value Measurements
The following table provides the key inputs into the binomial lattice model:

   
August 10,
2021 (Initial
Measurement)
Public and Private
Warrants
  
Stock price
  
$
9.44
  
Exercise price
  
$
11.50
  
Expected term (in years)
    
5.0
  
Volatility
    
16.9
%
Risk-free rate
    
0.87
%
Dividend yield
    
0.0
%

   
December 31,
2021
Private Warrants
  
Stock price
  
$
9.74
  
Exercise price
  
$
11.50
  
Expected term (in years)
    
5.0
  
Volatility
    
10.7
%
Risk-free rate
    
1.25
%
Dividend yield
    
0.00
%
Changes in Fair Value of Level 3 Warrant Liabilities
The following table presents the changes in the fair value of Level 3 warrant liabilities:

   
Private
Placement
    
Public
    
Warrant
Liabilities
  
Fair value as of February 4, 2021 (inception)
  
$
—
    
$
—
    
$
—
  
Initial measurement on August 10, 2021
    
6,882,000
      
11,375,000
      
18,257,000
  
Change in valuation inputs or other assumptions
    
(2,948,895
)
    
(3,000,000
)
    
(5,948,895
)
Transfer to level 1
    
—
      
(8,375,000
)
    
(8,375,000
)
Fair value as of December 31, 2021
  
$
3,933,105
    
$
—
    
$
3,933,105