Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.2.2
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of fair value warrant liability
                               
Description   Amount at
Fair Value		     Level 1     Level 2     Level 3  
September 30, 2022                                
Assets                                
Investments held in Trust Account:                                
Money Market investments   $ 202,971,925     $ 202,971,925     $ —     $ —  
Liabilities                                
Warrant liability – Public Warrants   $ 899,786     $ 899,786     $ —     $ —  
Warrant liability – Private Placement Warrants     809,872       —       —       809,872  
    $ 1,709,658     $ 899,786     $ —     $ 809,872  
December 31, 2021                                
Liabilities                                
Warrant liability – Public Warrants   $ 4,998,812     $ 4,998,812     $ —     $ —  
Warrant liability – Private Placement Warrants     4,499,287       —       —       4,499,287  
    $ 9,498,099     $ 4,998,812     $ —     $ 4,499,287  
Schedule of fair value of the private placement warrants
               
    As of
September 30,
2022		     As of
December 31,
2021		  
Stock price   $ 9.89     $ 9.74  
Exercise price   $ 11.50     $ 11.50  
Dividend yield     — %     — %
Expected term (in years)     5.59       6.34  
Volatility     5.1 %     8.3 %
Risk-free rate     3.95 %     1.37 %
Fair value   $ 0.09     $ 0.50  
Schedule of fair value financial instruments
       
Fair value as of December 31, 2021 - private placement warrants   $ 4,499,287  
Change in fair value     (1,529,757 )
Fair value as of March 31, 2022 - private placement warrants     2,969,530  
Change in fair value     (1,079,829 )
Fair value as of June 30, 2022 - private placement warrants     1,889,701  
Change in fair value     (1,079,829 )
Fair value as of September 30, 2022 - private placement warrants   $ 809,872