Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.1
FAIR VALUE MEASUREMENTS (Tables)
 11 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of  fair value warrant liability
                               
Description   Amount at
Fair Value		     Level 1     Level 2     Level 3  
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 public warrants
       
    At
November 2,
2021
(Initial Measurement)		  
Stock price   $ 9.51  
Exercise price   $ 11.50  
Expected term (in years)     6.50  
Volatility     15.0 %
Risk-free rate     1.03 %
Fair value   $ 0.98  
Schedule of fair value of the private placement warrants
               
    At
November 2,
2021
(Initial Measurement)		     At
December 31,
2021		  
Stock price   $ 9.51     $ 9.74  
Exercise price   $ 11.50     $ 11.50  
Dividend yield     — %     — %
Expected term (in years)     6.50       6.34  
Volatility     15.0 %     8.3 %
Risk-free rate     1.03 %     1.37 %
Fair value   $ 0.98     $ 0.50  
Schedule of fair value financial instruments
       
Fair value at February 16, 2021 (inception)   $ —  
Initial measurement of Public Warrants and Private Placement Warrants as of November 2, 2021     16,660,000  
Initial measurement of Public Warrants and Private Placement Warrants upon exercise of over-allotment on November 16, 2021     1,956,274  
Change in fair value     (9,118,176 )
Transfer of Public Warrants to Level 1 measurement     (4,998,812 )
Fair value as of December 31, 2021   $ 4,499,287