Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary Of Assets And Liabilities Measured At Fair Value

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 by level within the fair value hierarchy:

June 30, 2022:

Description	Quoted Prices in Active Markets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets - Investments held in Trust Account:
Mutual funds	$	51,536,733	(1)	$	—	$	—
Liabilities:
Derivative warrant liabilities - Private	$	—		$	—	$	14,090
Embedded derivative - promissory note	$	—		$	—	$	20,328

(1) Excludes $167,033 of cash balance held within the Trust Account

December 31, 2021:

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets - Investments held in Trust Account:
Mutual funds	$	12,076	$	—	$	—
U.S. Treasury Securities	$	58,073,257	$	—	$	—
Liabilities:
Derivative warrant liabilities—Private	$	—	$	—	$	49,660

Summary Of Quantitative Information Regarding Level 3 Fair Value Measurements

The following table provides quantitative information related to derivative warrant liabilities, measured with Level 3 inputs, at their measurement dates:

	As of June 30, 2022			As of December 31, 2021
Volatility		10.7	%		7.2	%
Stock price	$	10.16		$	10.01
Expected life of the options to convert		5.1			5.5
Risk-free rate		3.01	%		1.31	%
Dividend yield		0.0	%		0.0	%

The following table provides quantitative information related to embedded derivatives, measured with Level 3 inputs, at their measurement date:

	As of June 30, 2022
Volatility	18.1%-21.0%
Stock price	$10.17-$10.20
Expected life of the options to convert	5.3-5.5
Risk-free rate	2.93%-3.61%
Dividend yield	0.0%

Summary Of Derivative Warrant Liabilities

The change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs, for the six months ended June 30, 2022 and 2021, are summarized as follows:

	Derivative Warrant Liabilities			Embedded Derivative
Level 3 - Derivative liabilities at January 1, 2022	$	49,650		$	—
Change in fair value of derivative liabilities		2,850			—
Level 3 - Derivative liabilities at March 31, 2022		52,500			—
Issuance of embedded derivatives		—			25,473
Change in fair value of derivative liabilities		(38,410	)		(5,145	)
Level 3 - Derivative liabilities at June 30, 2022	$	14,090		$	20,328

Level 3-Derivative warrant liabilities at January 1, 2021	$	—
Issuance of Private Warrants		159,560
Change in fair value of derivative warrant liabilities		49,160
Level 3-Derivative warrant liabilities at March 31, 2021	$	208,720
Change in fair value of derivative warrant liabilities		119,800
Level 3-Derivative warrant liabilities at June 30, 2021	$	328,520