Fair Value Measurements (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2022 |
Dec. 31, 2021 |
| Fair Value Disclosures [Abstract] |
|
|
| Schedule of fair value hierarchy of valuation inputs |
|
Description
|
|
Amount at Fair Value
|
|
Level 1
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Level 2
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Level 3
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|
March 31, 2022
|
|
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|
|
|
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|
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Assets
|
|
|
|
|
|
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|
|
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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
|
|
|
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|
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|
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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 |
|
|
Description
|
|
Amount at
Fair Value
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
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 |
|
|
|
|
|
As of
December 31,
2021
|
|
Stock price
|
|
$
|
9.96 |
|
|
Strike price
|
|
$
|
11.50 |
|
|
Probability of completing a Business Combination
|
|
|
100.0 |
%
|
|
Dividend yield
|
|
|
—
|
%
|
|
Term (in years)
|
|
|
4.6 |
|
|
Volatility
|
|
|
8.7 |
%
|
|
Risk-free rate
|
|
|
1.2 |
%
|
|
Fair value of warrants
|
|
$
|
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 |
|
|
|
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 |
|
|