Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at September 30, 2022 and December 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

September 30, 2022

			Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
	Level		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury Securities		1	$	117,421,567		—		—
Liabilities:
Warrant Liabilities- Private Warrants		3		—		—		34,200

December 31, 2021

			Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
	Level		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury Securities		1	$	116,725,099		—		—
Liabilities:
Warrant Liabilities- Private Warrants		3		—		—		114,570

Schedule of Estimated Fair Value of Warrant Liabilities

	As of September 30, 2022			As of December 31, 2021
Exercise price	$	5.75		$	5.75
Market price of public stock	$	4.98		$	4.68
Volatility		3.0	%		9.1	%
Risk-free rate		4.20	%		1.22	%
Dividend yield		0.0	%		0.0	%

Schedule of Changes in Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of warrant liabilities:

	Private Placement Warrants
January 1, 2022	$	114,570
Change in valuation inputs or other assumptions		(47,367	)
Fair value as of March 31, 2022		67,203
Change in valuation inputs or other assumptions		(42,465	)
Fair value as of June 30, 2022		24,738
Change in valuation inputs or other assumptions		9,462
Fair value as of September 30, 2022	$	34,200