Fair Value Measurements (Tables)

5 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Summary of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table presents information about the Company’s financial liabilities that are measured at fair value on a recurring basis as of the initial issuance date, September 30, 2021, by level within the fair value hierarchy:

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - U.S. Treasury Securities	$	234,604,574	$	—	$	—
Liabilities:
Private Placement Warrants	$	—	$	—	$	15,792,000

Schedule of Quantitative Information Regarding Level 3 Fair Value Measurements Inputs at their measurements dates

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

	At initial issuance			As of September 30, 2021
Exercise price	$	11.50		$	11.50
Stock price	$	9.57		$	9.59
Volatility		25.0	%		25.0	%
Term (years)		5.5			5.50
Risk-free rate		0.90	%		0 9	%
Dividend yield		0.0	%		0.0	%

Summary of Change in Fair value of Level 3 Deribvative Warrant Liabilities

The change in the fair value of Level 3 derivative warrant liabilities for the period from April 19, 2021 (inception) through September 30, 2021, is summarized as follows:

Derivative warrant liabilities at April 19, 2021 (inception)	$	—
Issuance of Private Warrants		15,456,000
Change in fair value of derivative warrant liabilities -private		336,000
Derivative warrant liabilities at September 30, 2021	$	15,792,000