Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2022
FAIR VALUE MEASUREMENTS  
Schedule of Company's assets that are measured at fair value on a recurring basis

Description

    

Level

    

March 31, 2022

    

Level

    

December 31, 2021

Assets:

 

  

 

  

  

 

  

Marketable securities held in Trust Account

 

1

$

172,517,647

1

$

172,506,512

Liabilities:

 

  

 

  

 

Warrant liability – Public Warrants

1

$

1,615,588

1

$

3,051,191

Warrant liability – Private Placement Warrants

 

3

1,601,676

3

3,032,325

Schedule of change in the fair value of the warrant liabilities

Private

Warrant

    

Placement

    

Public

    

Liabilities

Fair value as of February 12, 2021 (inception)

$

$

$

Initial measurement on June 11, 2021

5,092,500

4,750,000

9,842,500

Over allotment on July 1, 2021

436,500

712,500

1,149,000

Change in fair value

(2,496,675)

(2,411,309)

(4,907,984)

Transfer to level 1

(3,051,191)

(3,051,191)

Fair value as of December 31, 2021

3,032,325

3,032,325

Change in fair value

(1,430,649)

(1,430,649)

Fair value as of March 31, 2022

 

$

1,601,676

1,601,676

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

March 31, 2022

    

December 31, 2021

Stock price

    

$

9.67

$

9.64

Exercise price

$

11.50

$

11.50

Expected term (in years)

4.50

 

5.0

Volatility

6.3

%

11.4

%

Risk-free rate

2.44

%

 

1.23

%

Dividend yield

0.0

%

0.0

%