| 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 |
September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
Investments held in Trust Account: |
|
|
|
|
|
|
|
|
|
|
|
|
Money Market investments |
|
$ |
201,170,411 |
|
$ |
201,170,411 |
|
$ |
— |
|
$ |
— |
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Warrant liability - Public Warrants |
|
$ |
1,700,000 |
|
$ |
1,700,000 |
|
$ |
— |
|
$ |
— |
Warrant liability- Private Placement Warrants |
|
$ |
1,020,000 |
|
$ |
— |
|
$ |
— |
|
$ |
1,020,000 |
Promissory note - related party |
|
$ |
191,800 |
|
$ |
— |
|
$ |
— |
|
$ |
191,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 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 |
Change in fair value |
|
|
540,000 |
|
|
900,000 |
|
|
1,440,000 |
Fair value as of September 30, 2022 |
|
$ |
1,020,000 |
|
$ |
1,700,000 |
|
$ |
2,720,000 |
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 |
Promissory note - related party |
|
|
193,800 |
Change in fair value |
|
|
538,000 |
Fair value as of September 30, 2022 |
|
$ |
1,211,800 |
|