XML 29 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Fair Value Measurements (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
Fair Value Disclosures [Abstract] |  |
Schedule of assets that are measured at fair value on a recurring basis |
|  | Quoted Prices in Active Markets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Description |  |  |  |  |  |
Assets: |  |  |  |  |  |
Investments held in Trust Account |  | $ | 311,615,892 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivative warrant liabilities-public |  | $ | 6,534,420 |  |  | $ | — |  |  | $ | — |
Derivative warrant liabilities-private |  | $ | — |  |  | $ | — |  |  | $ | 9,684,420 |
|  | Quoted Prices in Active Markets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Description |  |  |  |  |  |
Assets: |  |  |  |  |  |
Investments held in Trust Account |  | $ | 311,175,471 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivative warrant liabilities-public |  | $ | 10,392,850 |  |  | $ | — |  |  | $ | — |
Derivative warrant liabilities-private |  | $ | — |  |  | $ | — |  |  | $ | 15,402,850 |
Description |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |
Investments held in Trust Account – money market fund |  | $ | 311,175,471 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities – Public Warrants |  | $ | 10,392,850 |  |  | $ | — |  |  | $ | — |
Derivative liabilities – Private Warrants |  | $ | — |  |  | $ | — |  |  | $ | 15,402,850 |
Schedule of fair value measurement inputs and valuation techniques |
|  | June 30, 2022 |  |  | December 31, 2021 |
Share price |  | $ | 9.95 |  |  | $ | 9.98 |
Volatility |  |  | 11.8 | % |  |  | 21.8 | %
Expected life of the options to convert |  |  | 5.05 |  |  |  | 5.50 |
Risk-free rate |  |  | 3.0 | % |  |  | 1.3 | %
Dividend yield |  |  | — |  |  |  | — |
|  | March 22, 2021 |  |  | December 31, 2021 |
Share price |  | $ | 9.81 |  |  | $ | 9.98 |
Volatility |  |  | 14.3 | % |  |  | 21.8 | %
Expected life of the options to convert |  |  | 6.53 |  |  |  | 5.50 |
Risk-free rate |  |  | 1.2 | % |  |  | 1.3 | %
Dividend yield |  |  | — |  |  |  | — |
Schedule of fair value of the derivative warrant liabilities |
|  | Public Warrants |  |  | Private Warrants |  |  | Total |
Derivative warrant liabilities at January 13, 2021 (inception) |  | $ | — |  |  | $ | — |  |  | $ | — |
Issuance of Public and Private Warrants |  |  | 5,948,230 |  |  |  | 9,047,530 |  |  |  | 14,995,760 |
Transfer to Level 1 |  |  | (10,455,080 | ) |  |  | — |  |  |  | (10,455,080 | )
Change in fair value of derivative warrant liabilities |  |  | 4,506,850 |  |  |  | 6,355,320 |  |  |  | 10,862,170 |
Derivative warrant liabilities at December 31, 2021 |  | $ | — |  |  | $ | 15,402,850 |  |  | $ | 15,402,850 |
|  | Public Warrants |  |  | Private Warrants |  |  | Total |
Derivative warrant liabilities at December 31, 2021 |  | $ | — |  |  | $ | 15,402,850 |  |  | $ | 15,402,850 |
Change in fair value of derivative warrant liabilities |  |  | — |  |  |  | (3,135,910 | ) |  |  | (3,135,910 | )
Derivative warrant liabilities at March 31, 2022 |  |  | — |  |  |  | 12,266,940 |  |  |  | 12,266,940 |
Change in fair value of derivative warrant liabilities |  |  | — |  |  |  | (2,582,520 | ) |  |  | (2,582,520 | )
Derivative warrant liabilities at June 30, 2022 |  | $ | — |  |  | $ | 6,534,420 |  |  | $ | 6,534,420 |
|  | Public |  |  | Private |  |  | Total |
Derivative warrant liabilities at January 13, 2021 (inception) |  | $ | — |  |  | $ | — |  |  | $ | — |
Issuance of Public and Private Warrants |  |  | 5,948,230 |  |  |  | 9,047,530 |  |  |  | 14,995,760 |
Transfer to Level 1 |  |  | (10,455,080 | ) |  |  | — |  |  |  | (10,455,080 | )
Change in fair value of derivative warrant liabilities |  |  | 4,506,850 |  |  |  | 6,355,320 |  |  |  | 10,862,170 |
Derivative warrant liabilities at December 31, 2021 |  | $ | — |  |  | $ | 15,402,850 |  |  | $ | 15,402,850 |

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + 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 https://asc.fasb.org/extlink&oid=126976982&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 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 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 (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration