Fair Value Measurements (Tables)

10 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value

The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 by level within the fair value hierarchy.

	Level 1		Level 2		Level 3		Total
Assets
Marketable securities held in Trust Account	$	319,421,010	$	—	$	—	$	319,421,010
	$	319,421,010	$	—	$	—	$	319,421,010
Liabilities:
Public Warrants	$	14,959,333	$	—	$	—	$	14,959,333
Private Placement Warrants		—		—		12,402,426		12,402,426
Total liabilities	$	14,959,333	$	—	$	12,402,426	$	27,361,759

Summary of Quantitative Information Regarding Level 3 Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:

Input	August 13, 2021			December 31, 2021
Risk-free interest rate		0.93	%		1.35	%
Expected term until merger (years)		1.50			1.12
Expected term until expiration (years)		6.50			6.12
Expected volatility		24.00	%		13.00	%
Underlying share price	$	9.25		$	9.86
Exercise price	$	11.50		$	11.50

Summary of Changes in Fair Value of Level 3 Derivative Warrant Liabilities

The following table presents a summary of the changes in the fair value of the level 3 derivative warrant liabilities:

	Public Warrant Liability			Private Warrant Liability			Total
Fair value, August 13, 2021	$	23,718,750		$	20,380,000		$	44,098,750
Change in fair value		(8,759,417	)		(7,977,574	)		(16,736,991	)
Transfers to level 1		(14,959,333	)		—			(14,959,333	)
Fair value, December 31, 2021	$	—		$	12,402,426		$	12,402,426