Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities that are Measured at Fair Value on a 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 March 31, 2022, 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 (1)	$	230,030,808	$	—	$	—
Liabilities:
Derivative warrant liabilities—Class 1 Warrants	$	—	$	—	$	9,200,000
Derivative warrant liabilities—Private Placement Warrants	$	—	$	—	$	6,400,000

(1) Excludes $1,741 of cash balance held within the Trust Account

Summary of Fair Value Measurements Inputs

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

	As of March 4, 2022			As of March 31, 2022
Exercise price	$	11.50		$	11.50
Stock price	$	9.18		$	9.22
Term (years)		6.0			6.0
Volatility		8.9	%		7.5	%
Risk-free rate		1.87	%		2.41	%
Dividend yield		0.0	%		0.0	%