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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of company's financial assets and liabilities that are measured at 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)
Assets:
Investments held in Trust Account		$	276,057,966			$	—			$	—
Liabilities:
Derivative warrant liabilities - Public Warrants		$	16,100,000			$	—			$	—
Derivative warrant liabilities - Private Placement Warrants		$	—			$	—			$	9,224,530
Convertible note – related party		$	—			$	—			$	1,152,680

Schedule of quantitative information regarding and derivative warrant liabilities measured Level 3 fair value measurements inputs

The following table provides quantitative information regarding Level 3 fair value measurements inputs used in the valuation of the derivative warrant liabilities at their measurement dates:

		As of December 31, 2021
Option term (in years)			5.09
Stock price		$	9.95
Volatility			24.2	%
Risk-free interest rate			1.26	%
Expected dividends			0.00	%

The change in the fair value of the derivative warrant liabilities measured using Level 3 inputs for the year ended December 31, 2021 is summarized as follows:

Derivative warrant liabilities at January 1, 2021		$	—
Issuance of Public and Private Warrants			22,148,000
Transfer of Public Warrants to Level 1 measurement			(14,628,000	)
Change in fair value of derivative warrant liabilities			3,176,530
Derivative warrant liabilities at December 31, 2021		$	10,696,530

The following table provides quantitative information regarding Level 3 fair value measurements inputs used by the estimated fair value of warrants that may be issued upon conversion of the Convertible Note at their measurement dates:

		As of December 31, 2021
Option term (in years)			0.09
Stock price		$	1.84
Volatility			72.1	%
Risk-free interest rate			0.06	%
Expected dividends			0.00	%

The change in the fair value of the convertible note – related party measured with Level 3 inputs for year ended December 31, 2021 is summarized as follows:

Fair Value at January 1, 2021		$	—
Initial fair value of convertible note - related party			944,694
Change in fair value of convertible note - related party			207,986
Fair Value of convertible note - related party, December 31, 2021		$	1,152,680

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

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