Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Measurements [Abstract]  
Schedule of fair value hierarchy of the valuation inputs
Description   Level     September 30,
2022
    December 31,
2021
 
Assets:                  
Investments held in Trust Account     1     $ 238,428,531     $ 236,903,949  
                         
Liabilities:                        
Warrant Liability – Public Warrants     1       306,667       4,370,000  
Warrant Liability – Private Placement Warrants     3       483,333       5,819,334  

 

Schedule of quantitative information regarding Level 3 fair value measurements
   

September 30,

2022

    December 31,
2021
 
Stock price   $ 10.30     $ 10.11  
Exercise price   $ 11.50     $ 11.50  
Expected term (in years)     5.21       5.71  
Volatility    
%     8.6 %
Risk-free rate     3.97 %     1.32 %
Dividend yield    
%    
%

 

Schedule of changes in the fair value of Level 3 warrant liabilities
    Private
Placement
    Public     Warrant
Liabilities
 
Fair value as of December 31, 2021   $ 5,819,334     $
    $ 5,819,334  
Change in valuation inputs or other assumptions     (2,146,001 )    
      (2,146,001 )
Fair value as of March 31, 2022   $ 3,673,333     $
    $ 3,673,333  
Change in valuation inputs or other assumptions     (1,933,333 )    
      (1,933,333 )
Fair value as of June 30, 2022   $ 1,740,000     $
    $ 1,740,000  
Change in valuation inputs or other assumptions     (1,256,667 )    
      (1,256,667 )
Fair value as of September 30, 2022   $ 483,333     $
    $ 483,333