Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021 are as follows:

		Amortized Cost and Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
March 31, 2022	U.S. Treasury Securities	$	116,747,688		—	$	(18,450	)	$	116,728,888
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 March 31, 2022:

	Level 1		Level 2		Level 3
Assets
Investments held in Trust Account—U.S. Treasury	$	116,728,888	$	—	$	—
Liabilities
FPA	$	—	$	—	$	2,013,491

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	March 31, 2022			December 31, 2021
Probability of successful business combination		85	%		85	%
Likelihood by 4/30/2022		0	%		5	%
Likelihood by 4/30/2023		80	%		80	%
Likelihood by 10/31/2023		20	%		15	%
Risk-free rate		1.75	%		0.51	%
Stock price	$	9.90		$	10.00
Estimated term remaining (years)		1.18			1.35

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 December 31, 2021	$	1,007,934
Change in fair value		1,005,557
Fair Value at March 31, 2022	$	2,013,491