Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Liabilities Measured at Fair Value on a Recurring Basis and Indicates Fair Value Hierarchy of Valuation Inputs

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level	June 30, 2022		May 10, 2022 (Initial Measurement)
Liabilities:
Warrant liability – Public warrants	1	$	2,750,475	$	—
Warrant liability – Public warrants	3	$	—	$	2,560,668
Warrant liability – Private Placement Warrants	3	$	3,195,584	$	2,972,600
Convertible Promissory Note	3	$	4,165,549	$	4,600,000

Summary of Quantitative Information Regarding Level 3 Fair Value Measurements

The following table provides quantitative information regarding Level 3 fair value measurements:

	June 30, 2022			May 10, 2022 (Initial Measurement)
Trading stock price	$	9.93		$	9.89
Exercise price	$	11.50		$	11.50
Expected term (in years)		6.25			6.10
Volatility		1.00	%		2.30	%
Risk-free rate		3.03	%		2.95	%
Dividend yield		0.00	%		0.00	%

Summary of Changes in the Fair Value of Level 3 Warrant Liabilities

The following table presents the changes in the fair value of Level 3 warrant liabilities:

	Public Warrant Liabilities			Private Warrant Liabilities		Total Warrant Liabilities
Fair value as of October 13, 2021 (inception)	$	—		$	—	$	—
Initial measurement on May 10, 2022		2,560,668			2,972,600		5,533,268
Change in fair value		189,807			222,984		412,791
Transfer to Level 1		(2,750,475	)		—		(2,750,475	)
Fair value as of June 30, 2022	$	—		$	3,195,584	$	3,195,584