Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Measurements [Abstract]  
Schedule of fair value hierarchy of the valuation inputs
Description   Level   March 31, 2022     December 31,
2021
 
Assets:                
Investments held in Trust Account   1   $ 237,055,861     $ 236,903,949  
                     
Liabilities:                    
Warrant Liability – Public Warrants   1     2,683,333       4,370,000  
Warrant Liability – Private Placement Warrants   3     3,673,333       5,819,334  

 

Schedule of quantitative information
   

March 31,

2022

    December 31,
2021
 
Stock price   $ 10.13     $ 10.11  
Exercise price   $ 11.50     $ 11.50  
Expected term (in years)     5.46       5.71  
Volatility     5.6 %     8.6 %
Risk-free rate     2.39 %     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 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