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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

 
 
  
Fair Value Measured as of March 31, 2022
 
Description
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Assets:
  
  
  
  
Investments held in Trust Account - U.S. Treasury Securities
   $  176,083,071      $ —       
$
—  
     $  176,083,071  
Liabilities:
                                   
Derivative warrant liabilities - Public warrants
   $ 2,132,070      $ —       
$
—  
     $ 2,132,070  
Derivative warrant liabilities - Private placement warrants
   $ —        $  —     
$
 1,344,430
     $ 1,344,430  
 
 
  
Fair Value Measured as of December 31, 2021
 
Description
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Assets:
  
  
  
  
Investments held in Trust Account - U.S. Treasury Securities
   $  175,956,892      $ —       
$
—  
     $  175,956,892  
Liabilities:
                                   
Derivative warrant liabilities - Public warrants
   $ —        $  —     
$
 4,312,500
     $ 4,312,500  
Derivative warrant liabilities - Private placement warrants
   $ —        $     
$
2,725,000
     $ 2,725,000  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The following table provides quantitative information regarding Level 3 fair value measurements inputs related to the warrants:
 
 
  
March 31,
2022
 
 
December 31,
2021
 
Exercise price
   $   11.50     $   11.50  
Stock price
   $ 10.01     $ 9.87  
Volatility
     2.50     8.1
Term (years)
     5.87       6.11  
Risk-free rate
     2.38     1.35
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents the changes in the fair value of Level 3 warrant liabilities for the three months ended March 31, 2022:    
 
Derivative liabilities as of December 31, 2021 - Level 3
   $ 7,037,500  
Transfer of Public Warrants to Level 1 Measurement
     (4,312,500
Change in fair value of derivative liabilities as of March 31, 2022 - Level 3
     (1,380,570
    
 
 
 
Derivative liabilities as of March 31, 2022 - Level 3
   $ 1,344,430