Fair Value Measurements (Tables)

11 Months Ended

Dec. 31, 2021

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Summary Of Held To Maturity Securities

The carrying value, excluding gross unrealized holding losses and fair value of held to maturity securities on December 31, 2021 are as follows:

	Amortized Cost and Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value as of December 31, 2021
U.S. Treasury Securities	$	116,733,409		—	$	(16,360	)	$	116,716,698

Summary of Assets and Liabilities that are measured at fair value on a recurring basis

The following table sets forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2021:

	Level 1		Level 2		Level 3
Assets
Investments held in Trust Account—U.S. Treasury	$	116,716,698	$	—	$	—
Liabilities
FPA	$	—	$	—	$	1,007,934

FPA liability [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Summary of model for the FPA liability

The key inputs into the modified PWER model for the FPA liability were as follows:

Input	December 31, 2021			August 23, 2021
Probability of successful business combination		85	%		85	%
Likelihood by 3/31/2022		—	%		25	%
Likelihood by 4/30/2022		5	%		—	%
Likelihood by 3/31/2023		—	%		50	%
Likelihood by 4/30/2023		80	%		—	%
Likelihood by 9/30/2023		—	%		25	%
Likelihood by 10/31/2023		15	%		—	%
Risk-free rate		0.51	%		0.09	%
Stock price	$	10.00		$	10.00
Estimated term remaining (years)		1.35			1.10
Volatility		14.0	%		14.0	%

Summary of reconciliation of changes in fair value for the FPA liability classified as Level 3

The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the FPA liability classified as Level 3:

Fair Value at August 23, 2021	$	1,013,935
Change in fair value		(6,001	)
Fair Value at December 31, 2021	$	1,007,934