Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Measurements (Tables)

v3.22.1
Fair Value of Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value of Measurements  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2022, and December 31, 2021, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

March 31,2022

 

    

Quoted Prices in

    

Significant Other

Significant Other

Active Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

    

(Level 3)

Assets - Investments held in Trust Account:

 

  

 

  

  

U.S. Treasury securities

 

$

171,700,181

 

$

 

$

Liabilities

Derivative Warrant liability- Private warrants

 

$

 

$

 

$

2,880,140

December 31,2021

    

Quoted Prices in

    

Significant Other

Significant Other

Active Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

    

(Level 3)

Assets - Investments held in Trust Account:

 

  

 

  

  

U.S. Treasury securities

$

171,656,153

$

$

Liabilities

Derivative Warrant liability- Private warrants

$

$

$

5,571,410

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

March 31, 2022

    

December 31, 2021

Exercise price

    

$

11.50

$

11.50

Share price

$

9.70

$

9.69

Expected term (years)

5.73

5.98

Volatility

8.00

%

16.20

%

Risk-free rate

2.41

%

1.35

%

Dividend yield (per share)

0.00

%

0.00

%

Schedule of change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs

Derivative warrant liability at December 31, 2021

    

$

5,571,410

Change in fair value of derivative warrant liability

 

(2,691,270)

Derivative warrant liability at March 31, 2022

$

2,880,140