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 Disclosures [Abstract]  
Schedule of fair value warrant liability
                               
Description   Amount at
Fair Value		     Level 1     Level 2     Level 3  
March 31, 2022                                
Assets                                
Investments held in Trust Account:                                
Money Market investments   $ 201,832,944     $ 201,832,944     $ —     $ —  
Liabilities                                
Warrant liability – Public Warrants   $ 3,299,216     $ 3,299,216     $ —     $ —  
Warrant liability – Private Placement Warrants   $ 2,969,529     $ —     $ —     $ 2,969,529  
    $ 6,268,745     $ 3,299,216     $ —     $ 2,969,529  
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
March 31,
2022		     As of
December 31,
2021		  
Stock price   $ 9.78     $ 9.74  
Exercise price   $ 11.50     $ 11.50  
Dividend yield     — %     — %
Expected term (in years)     6.09       6.34  
Volatility     4.2 %     8.3 %
Risk-free rate     2.38 %     1.37 %
Fair value   $ 0.33     $ 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