Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
8 Months Ended
Sep. 30, 2021
FAIR VALUE MEASUREMENTS  
Schedule of Company's assets that are measured at fair value on a recurring basis

Description

    

Level

    

September 30, 2021

Assets:

 

  

 

  

Marketable securities held in Trust Account

 

1

$

172,502,851

Liabilities:

 

  

 

Warrant liability – Public Warrants

3

$

3,220,000

Warrant liability – Private Placement Warrants

 

3

3,249,000

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

(2,280,000)

(2,242,500)

(4,522,500)

Fair value as of September 30, 2021

 

$

3,249,000

$

3,220,000

$

6,469,000

Schedule of quantitative information regarding Level 3 fair value measurements inputs

June 11, 2021

(Initial

    

September 30, 2021

    

Measurement)

Stock price

    

$

9.67

$

9.59

Exercise price

$

11.50

$

11.50

Expected term (in years)

5.0

 

5.0

Volatility

11.7

%

16.7

%

Risk-free rate

1.02

%

 

0.81

%

Dividend yield

0.0

%

0.0

%