FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

FAIR VALUE MEASUREMENTS [Abstract]

Assets and Liabilities Measured at Fair Value

The following table presents information about the Company’s assets and liabilities that are measured at fair value at June 30, 2022 and December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level		June 30, 2022		December 31, 2021
Assets:
Investments held in Trust Account		1	$	345,476,117	$	345,030,847
Liabilities:
Warrant liability – Private Placement Warrants		2	$	1,970,400	$	4,324,000
Warrant liability – Public Warrants		1		3,967,500		8,625,000
			$	5,937,900	$	12,949,000

Changes in Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis

The following table provides a summary of the changes in the fair value of the Company’s financial instruments that are measured at fair value on a recurring basis:

	Private Placement Warrants			Public Warrants			Total
Fair value at December 31, 2021	$	4,324,000		$	8,625,000		$	12,949,000
Change in fair value		(2,353,600	)		(4,657,500	)		(7,011,100	)
Fair value at June 30, 2022	$	1,970,400		$	3,967,500		$	5,937,900