XML 34 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements on a Recurring Basis (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis
Description  Quoted Prices
in Active Markets
(Level 1)		   Significant Other
Observable Inputs
(Level 2)		   Significant Other
Unobservable Inputs
(Level 3)		   Total 
Assets:                
Assets held in Trust Account U.S. Treasury Securities  $300,023,016   $
-
   $
-
   $300,023,016 
Liabilities:                    
Warrant liability  $19,499,250   $454,982   $
-
   $19,954,232 
FPS liability   
-
    
-
    4,452,968    4,452,968 
Total Liabilities  $19,499,250   $454,982   $4,452,968   $24,407,200 

 
Schedule of Level 3 fair value measurements
   February 23,
2021
(initial
measurement)		 
Risk-free interest rate   0.76%
Expected term (years)   5 
Expected volatility   17.5%
Exercise price  $11.50 
Stock price  $10.00 
Dividend yield   0.0%

 
Schedule of changes in fair value of warrant liability
   Private Placement   Public   Warrant Liability 
Fair value as of December 31, 2020  $
—
   $
—
   $
—
 
Fair value as of February 23, 2021   217,437    9,318,750    9,536,187 
Change in valuation inputs or other assumptions(1)   237,545    10,180,500    10,418,045 
Fair value as of December 31, 2021(2)  $454,982   $19,499,250   $19,954,232 

 

   FPS
Liability		 
Fair value as of February 23, 2021  $3,859,558 
Change in valuation inputs or other assumptions(1)   593,410 
Fair value as of December 31, 2021  $4,452,968