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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2022
FAIR VALUE MEASUREMENTS  
Schedule of gross holding gains and fair value of held-to-maturity securities

The gross holding gains (losses) and fair value of held-to-maturity securities at June 30, 2022 and December 31, 2021 are as follows:

    

    

    

Gross

    

Amortized

 Holding 

Held-To-Maturity

 Cost

(Loss) Gain

Fair Value

June 30, 2022

 

U.S. Treasury Bills (Matures on August 18, 2022)

$

335,190,596

$

(141,048)

$

335,049,548

December 31, 2021

Treasury Preferred Fund (Matured on February 17, 2022)

$

334,439,154

$

6,468

$

334,445,622

Schedule of assets that are measured at fair value on a recurring basis

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

June 30, 

December 31,

    

Level

    

2022

    

2021

Assets:

 

  

 

  

 

  

Cash and marketable securities held in Trust Account

 

1

$

335,191,598

$

334,441,194

Liabilities:

Warrant Liability – Public Warrants

1

$

1,671,079

$

8,689,608

Warrant Liability – Private Placement Warrants

2

$

970,000

$

5,044,000

Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis.

    

Private

Placement

Fair value as of January 1, 2021

$

13,580,000

Change in fair value

 

(3,686,000)

Fair value as of March 31, 2021

 

9,894,000

Transfers out of Level 3 to Level 2

 

(9,894,000)

Fair value as of June 30, 2021

$