Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of fair value of its Public Warrants and Private Placement Warrants

The following are the inputs used by the Company in establishing the Level 3 fair value of its Public Warrants and Private Placement Warrants as of August 10, 2021:

    

August 10, 2021

 

(Initial Measurement)

 

Stock price

$

9.66

Exercise price

$

11.50

Probability of a Business Combination occurring

 

75

%

Volatility

 

14.3

%

Risk-free rate

 

0.86

%

Dividend yield

 

0.00

%

Schedule of Company's assets that are measured at fair value on a recurring basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

December 31, 

Description

    

Level

    

2021

Assets:

Marketable securities held in Trust Account

 

1

$

116,738,316