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FAIR VALUE MEASUREMENTS (Tables)
10 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Hierarchy For Assets and Liabilities Measured At Fair Value on a Recurring basis
                    
   Level 1   Level 2   Level 3   Total 
Liabilities:                     
Warrant Liabilities:                    
Public Warrants  $4,874,922   $   $   $4,874,922 
Private Placement Warrants  $   $   $2,799,969   $2,799,969 
Total Warrant Liabilities:  $4,874,922   $   $2,799,969   $7,674,891 
FPA  $   $   $150,000   $150,000 
Schedule Of Fair Value Of Assets and Liabilities Valuation Techniques and Measurement Inputs
     

 

 

  December 31, 
Input  2021 
Risk-free interest rate   1.25%
Expected term (years)   5 
Expected Volatility   14.8%
Exercise Price  $11.50 
Share price  $11.50 
Summary Of the changes in the fair value of the warrants measured on recurring basis
     
Fair Value as of August 6, 2021  $3,524,667 
Change in valuation inputs or other assumptions(1)  $(724,698)
Fair Value as of December 31, 2021  $2,799,969 

 

 
(1)Represents the non-cash gain on the change in valuation of the Private Placement Warrants and is included in Gain on change in fair value of warrant liability in the condensed statement of operations.
Summary Of the changes in the fair value of the FPA Asset
     
Fair Value as of August 6, 2021 – Liability  $100,000 
Change in valuation inputs or other assumptions(1)  $(250,000)
Fair Value as of December 31, 2021 – (Asset)  $(150,000)

 

 

(1)Represents the non-cash gain on the change in valuation of the FPA asset and is included in Gain on change in fair value of FPA in the statement of operations.