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 financial assets and liabilities that are measured at fair value
Description   Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Assets:                  
Money Market Fund   $ 230,041,986     $
     -
    $
-
 
Liabilities:                        
Derivative warrant liabilities - Public Warrants   $ 1,993,330     $
-
    $
-
 
Derivative warrant liabilities - Private Warrants   $
-
    $
-
    $ 1,256,670  

 

Description   Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Assets:                  
Money Market Fund   $ 230,003,947     $
     -
    $
-
 
Liabilities:                        
Derivative warrant liabilities - Public Warrants   $ 4,523,330     $
-
    $
-
 
Derivative warrant liabilities - Private Warrants   $
-
    $
-
    $ 2,900,000  

 

Schedule of quantitative information regarding Level 3 fair value measurements inputs
    As of
March 31,
2022
    As of
December 31,
2021
 
 
Volatility       4.4 %     10.7 %
Stock price   $ 9.80     $ 9.80  
Expected life of the options to convert       5.00       5.00  
Risk-free rate       2.42 %     1.31 %
Dividend yield       0.0 %     0.0 %

 

Schedule of the derivative warrant liabilities
    Private
Warrants
    Public
Warrants
 
Derivative warrant liabilities at January 1, 2021   $ 7,733,337     $ 11,883,330  
Transfer from Level 3    
-
      (11,883,330 )
Change in fair value of derivative warrant liabilities     (3,673,337 )    
-
 
Derivative warrant liabilities at March 31, 2021   $ 4,060,000     $
-
 
                 
Derivative warrant liabilities at December 31, 2021   $ 2,900,000     $
-
 
Change in fair value of derivative warrant liabilities     (1,643,330 )    
-
 
Derivative warrant liabilities at March 31, 2022   $ 1,256,670     $
-