Current report filing

FAIR VALUE MEASUREMENTS (Tables)

v3.23.3
FAIR VALUE MEASUREMENTS (Tables)
11 Months Ended
Dec. 02, 2021
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

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December 2,

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Description

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Level

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2021

Liabilities:

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Warrant Liability – Public Warrants

 

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1

 

12,860,834

Warrant Liability – Private Placement Warrants

 

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3

 

288,925

Warrant Liability – Underwriter Warrants

 

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3

 

63,500

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Schedule of key inputs into the option pricing model

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February 12, 2021

    

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(Initial

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Measurement)

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December 3, 2021

 

Risk-free interest rate

 

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0.56

%  

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1.13

%

Trading days per year

 

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252

 

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252

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Expected volatility

 

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17.8

%  

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21.0

%

Exercise price

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$

11.50

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$

11.50

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Stock Price

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$

9.65

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$

9.48

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Schedule of changes in company's Level 3 fair value measurements

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Private

    

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Warrant

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Placement

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Public

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Liabilities

Fair value as of January 1, 2021

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$

—

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$

—

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$

—

Initial measurement on February 12, 2021 (including over-allotment)

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280,875

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10,857,917

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11,138,792

Change in valuation inputs or other assumptions

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$

71,550

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$

2,002,917

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$

2,074,467

Fair value as of December 2, 2021

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$

352,425

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$

12,860,834

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$

13,213,259

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