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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value hierarchy of valuation inputs
Description  Amount at Fair Value   Level 1   Level 2   Level 3 
September 30, 2021                
Assets                
Investments held in Trust Account:                
Money Market investments  $174,226,747   $174,226,747   $
   $
 
Liabilities                    
Warrant liabilities – Public Warrants  $7,935,000   $7,935,000   $
   $
 
Warrant liabilities – Private Placement Warrants  $4,735,500   $
   $
   $4,735,500 

 

Schedule of the Black-Scholes option model for the Private Placement Warrants
   As of September 30, 2021 
Stock price  $9.93 
Strike price  $11.50 
Probability of completing a Business Combination   100.0%
Dividend yield   
%
Term (in years)   4.8 
Volatility   12.2%
Risk-free rate   0.9%
Fair value of warrants  $0.66 

 

Schedule of fair value on a recurring basis
Fair value as of December 31, 2020  $
 
Initial measurement of Public Warrants and Private Placement Warrants at July 19, 2021   7,980,000 
Initial measurement of over-allotment warrants   1,071,000 
Transfer of Public Warrants to Level 1 measurement   (7,935,000)
Change in fair value   3,619,500 
Fair value as of September 30, 2021  $4,735,500