Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Assets and Liabilities Measured on Recurring Basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

September 30, 2022

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	$	235,611,624	$	—	$	—
Liabilities:
Private Placement Warrants	$	—	$	—	$	3,472,000

December 31, 2021

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	$	234,616,804	$	—	$	—
Liabilities:
Private Placement Warrants	$	—	$	—	$	5,824,000

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:

	As of September 30, 2022			As of December 31, 2021
Exercise price	$	11.50		$	11.50
Stock price	$	10.16		$	9.98
Volatility		7.5	%		10.0	%
Term (years)		5.50			5.50
Risk-free rate		4.00	%		1.30	%
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 nine months ended September 30, 2022, is summarized as follows:

Derivative warrant liabilities at December 31, 2021	$	5,824,000
Change in fair value of derivative warrant liabilities-private		(3,024,000	)
Derivative warrant liabilities at March 31, 2022	$	2,800,000
Change in fair value of derivative warrant liabilities-private		(2,016,000	)
Derivative warrant liabilities at June 30, 2022	$	784,000
Change in fair value of derivative warrant liabilities-private		2,688,000
Derivative warrant liabilities at September 30, 2022	$	3,472,000

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 Placement 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