Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2022

Related Party Transaction

Summary of quantitative information regarding Level 3 fair value measurements

	December 31,
	2021
Share price	$	9.69
Strike price	$	11.50
Term (in years)		5.50
Volatility		10.7	%
Risk-free rate		1.30	%
Dividend yield		0	%

Summary of reconciliation of changes in fair value liability of the beginning and ending balances for the Company's Warrants

Fair value at December 31, 2021	$	3,265,830
Change in fair value		155,234
Private Placement Warrants reclassified to level 2(1)		(3,421,064)
Fair Value at September 30, 2022	$	—

⁽¹⁾ Assumes the Private Warrants were reclassified on June 30, 2022

Convertible promissory note

Related Party Transaction

Summary of quantitative information regarding Level 3 fair value measurements

	May 24, 2022			May 6, 2022
	Conversion			Borrowing
	(Final			(Initial
	Measurement)			Measurement)
Underlying warrant value	$	0.60		$	0.80
Exercise price	$	1.50		$	1.50
Holding period		0.35			0.40
Risk-free rate%		1.25	%		1.18	%
Volatility%		59.57	%		55.35	%

Summary of reconciliation of changes in fair value liability of the beginning and ending balances for the Company's Warrants

Fair value as of May 6, 2022	$	8,000
Change in fair value		(7,200)
Conversion to warrants		(800)
Fair value as of May 24, 2022	$	—