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 Disclosures [Abstract]  
Schedule of fair value hierarchy of valuation inputs

 

Description

  Amount at Fair
Value
    Level 1     Level 2     Level 3  
March 31, 2022                        
Assets                        
Investments held in Trust Account:                        
Money Market investments   $ 174,247,973     $ 174,247,973     $
    $
 
Liabilities                                
Warrant liabilities – Public Warrants   $ 3,622,500     $ 3,622,500     $
    $
 
Warrant liabilities – Private Placement Warrants   $ 1,937,250     $
    $
    $ 1,937,250  
December 31, 2021                                
Assets                                
Investments held in Trust Account:                                
Money Market investments   $ 174,230,428     $ 174,230,428     $
    $
 
Liabilities                                
Warrant liabilities – Public Warrants   $ 5,175,000     $ 5,175,000     $
    $
 
Warrant liabilities – Private Placement Warrants   $ 2,798,250     $
    $
    $ 2,798,250  

 

Schedule of the black-scholes option model for the private placement warrants
    As of March 31, 2022     As of December 31, 2021  
Stock price   $ 10.05     $ 9.96  
Strike price   $ 11.50     $ 11.50  
Probability of completing a Business Combination     100.0 %     100.0 %
Dividend yield     %     %
Term (in years)     4.3       4.6  
Volatility     4.9 %     8.7 %
Risk-free rate     2.4 %     1.2 %
Discount for lack of marketability     %     %
Fair value of warrants   $ 0.27     $ 0.39  

 

Schedule of financial instruments that are measured at fair value on a recurring basis
Fair value as of December 31, 2020   $
 
Initial measurement of Public Warrants and Private Placement Warrants at July 19, 2021     7,980,000  
Initial measurement of over-allotment warrants     1,071,000  
Transfer of Public Warrants to Level 1 measurement     (5,175,000 )
Change in fair value     (1,077,750 )
Fair value as of December 31, 2021     2,798,250  
Change in fair value     (861,000 )
Fair value as of March 31, 2022   $ 1,937,250