Annual report pursuant to Section 13 and 15(d)

Recurring Fair Value Measurements (Tables)

v3.22.1
Recurring Fair Value Measurements (Tables)
5 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities that are measured at fair value on a recurring basis
The following table presents fair value information as of December 31, 2021, of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
 
    
Level 1
    
Level 2
    
Level 3
 
Assets
                          
Investments held in Trust Account

   $ 351,900,888     
$
—  
 
  
$
—  
 
    
 
 
    
 
 
    
 
 
 
Total Assets
   $ 351,900,888     
$
—  
 
  
$
—  
 
Liabilities
                          
Public Warrants
  
$
—  
 
  
$
—  
 
   $ 10,122,569  
Private Warrants
  
 
—  
 
  
 
—  
 
     9,840,443  
    
 
 
    
 
 
    
 
 
 
Total Liabilities
  
$
—  
 
  
$
—  
 
   $ 19,963,011  
Summary of simulation model for the private placement warrants and public warrants
The following table provides quantitative information regarding Level 3 fair value measurements:
 
    
December 31,

2021
 
Share price
   $ 9.60  
Strike price
   $ 11.50  
Term (in years)
     6.21  
Volatility
     10.4
Risk-free rate
     1.37
Dividend yield
     0  
Summary Of Reconciliation Of Changes In Fair Value Of warrant Liabilities
The following table presents the changes in the fair value of Level 3 warrant liabilities:
 
 
  
Private

Placement
 
  
Public
 
  
Warrant

Liabilities
 
Initial measurement on December 17, 2021
  
$
13,216,499
 
  
$
13,631,224
 
  
$
26,847,723
 
Change in fair value
  
 
(3,376,056
  
 
(3,508,655
  
 
(6,884,712
 
  
 
 
 
  
 
 
 
  
 
 
 
Fair value as of December 31, 2021
  
$
9,840,443
 
  
$
10,122,569
 
  
$
19,963,011