Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
11 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Description   Level     December 31,
2021
 
Assets:            
Investments held in Trust Account     1     $ 236,903,949  
Liabilities:                
Warrant liabilities – Public Warrants     1     $ 4,370,000  
Warrant liabilities – Private Placement Warrants     3     $ 5,819,334  

 

Schedule of quantitative information
   

September 20,

2021
(Initial
Measurement)

    December 31,
2021
 
Share price   $ 10.00     $ 10.11  
Exercise price   $ 11.50     $ 11.50  
Expected term (in years)     6.0       5.71  
Volatility     12.6 %     8.6 %
Risk-free rate     0.95 %     1.32 %
Dividend yield     0.0 %     0.0 %

 

Schedule of changes in the fair value of Level 3 warrant liabilities
    Private
Placement
    Public     Warrant
Liabilities
 
Fair value as of January 29, 2021 (inception)   $
    $
    $
 
Initial measurement on September 20, 2021     7,781,667       6,003,000       13,784,667  
Change in valuation inputs or other assumptions     (1,962,333 )     (1,633,000 )     (3,595,333 )
Transfer to Level 1 on December 31, 2021    
      (4,370,000 )     (4,370,000 )
Fair value as of December 31, 2021   $ 5,819,334     $
    $ 5,819,334