Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.2.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2022
FAIR VALUE MEASUREMENTS  
Schedule of company's assets that are measured at fair value on a recurring basis

Amount at

Description

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

June 30, 2022

Assets

Investments held in Trust Account:

 

  

  

 

  

  

Money Market investments

$

200,285,358

$

200,285,358

$

$

Liabilities

Warrant liability - Public Warrants

$

800,000

$

800,000

$

$

Warrant liability- Private Placement Warrants

$

480,000

$

$

$

480,000

Amount at

Description

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

December 31, 2021

Assets

Investments held in Trust Account:

 

  

  

 

  

  

Money Market investments

$

200,010,449

$

200,010,449

$

$

Liabilities

Warrant liability - Public Warrants

$

10,300,000

$

10,300,000

$

$

Warrant liability- Private Placement Warrants

$

6,240,000

$

$

$

6,240,000

Schedule of significant inputs to the Monte Carlo Simulation for the fair value

As of December 31, 

As of June 30, 

 

    

2021

    

2022

 

Stock price

 

$

9.92

 

$

9.79

Strike price

 

$

11.50

 

$

11.50

Probability of completing a Business Combination

 

*

14.0

%

Dividend yield

%  

%

Remaining term (in years)

5.25

5.73

Volatility

 

15.1

%  

5.5

%

Risk-free rate

 

1.28

%  

3.02

%

Fair value of warrants

 

$

1.04

 

$

0.08

Schedule of changes in the fair value of warrant liabilities

The following table presents the changes in the fair value of warrant liabilities:

Private

Warrant

    

Placement

    

Public

    

Liabilities

Fair value as of January 1,2022

$

6,240,000

$

10,300,000

$

16,540,000

Change in fair value

 

(480,000)

 

(700,000)

 

(1,180,000)

Fair value as of March 31, 2022

5,760,000

9,600,000

15,360,000

Change in fair value

(5,280,000)

(8,800,000)

(14,080,000)

Fair value as of June 30, 2022

$

480,000

$

800,000

$

1,280,000

The following table presents the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value:

Fair value as of January 1, 2022

    

6,240,000

Change in fair value

 

(480,000)

Fair value as of March 31, 2022

5,760,000

Change in fair value

(5,280,000)

Fair value as of June 30, 2022

$

480,000