Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.1
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Hierarchy For Assets and Liabilities Measured At Fair Value on a Recurring basis
                       
    (Level 1)     (Level 2)     (Level 3)  
Description                        
Assets:                        
Investments held in Trust Account – U.S. Treasury Securities Money Market Fund   $ 291,813,714              
Liabilities:                        
Public Warrants                 10,493,750  
Private Placement Warrants                 8,805,625  
Schedule Of Fair Value Of Assets and Liabilities Valuation Techniques and Measurement Inputs
                               
    December 31,
2021
    December 7,
2021
 
Input   Public
Warrants
    Private
Warrants
    Public
Warrants
    Private
Warrants
 
Share Price   $ 9.65     $ 10.01     $ 9.62     $ 9.62  
Exercise Price   $ 11.50     $ 11.50     $ 11.50     $ 11.50  
Risk-free rate of interest     1.28 %     1.28 %     1.28 %     1.28 %
Volatility     12.9 %     12.9 %     13.5 %     13.5 %
Term     5 years       5 years       5 years       5 years  
Probability Weighted Fair Value of Warrants   $ 0.73     $ 0.73     $ 0.76     $ 0.76  
Schedule of the changes in the fair value of the warrants measured on recurring basis
               
    Public
Warrants
    Private
Warrants
 
Fair Value as of April 9, 2021   $ -     $ -  
Initial Measurement on December 7, 2021     10,925,000       9,167,500  
Change in valuation inputs or other assumptions(1)     (431,250 )     (361,875 )
Fair Value as of December 31, 2021   $ 10,493,750     $ 8,805,625  

 

 

(1)

Changes in valuation inputs or other assumptions are recognized in change in fair value of warrant liabilities in the Statement of Operations.