Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value hierarchy of valuation inputs
Description   Amount at Fair Value     Level 1     Level 2     Level 3  
September 30, 2021                        
Assets                        
Investments held in Trust Account:                        
Money Market investments   $ 174,226,747     $ 174,226,747     $
    $
 
Liabilities                                
Warrant liabilities – Public Warrants   $ 7,935,000     $ 7,935,000     $
    $
 
Warrant liabilities – Private Placement Warrants   $ 4,735,500     $
    $
    $ 4,735,500  

 

Schedule of the Black-Scholes option model for the Private Placement Warrants
    As of September 30, 2021  
Stock price   $ 9.93  
Strike price   $ 11.50  
Probability of completing a Business Combination     100.0 %
Dividend yield    
%
Term (in years)     4.8  
Volatility     12.2 %
Risk-free rate     0.9 %
Fair value of warrants   $ 0.66  

 

Schedule of 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     (7,935,000 )
Change in fair value     3,619,500  
Fair value as of September 30, 2021   $ 4,735,500