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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Measurements  
Schedule of Company's assets that are measured at fair value on a recurring basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

March 31, 2022

Quoted Prices in Active

Significant Other

    

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

(Level 3)

Assets:

 

  

 

  

Money Market Funds

 

$

276,039,870

$

$

Liabilities:

 

  

 

  

Derivative warrant liabilities - Public

$

2,346,000

$

$

Derivative warrant liabilities - Private

$

$

$

1,363,400

Working Capital Loan - related party

 

$

$

$

603,255

December 31, 2021

    

Quoted Prices in Active

    

Significant Other

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Assets:

Money Market Funds

$

276,017,343

$

$

Liabilities:

Derivative warrant liabilities - Public

$

6,762,000

$

$

Derivative warrant liabilities - Private

$

$

$

3,929,800

Working Capital Loan - related party

$

$

$

179,352

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

As of March 31, 2022

As of December 31, 2021

Volatility

    

3.7

%

    

9.8

%

Stock price

$

9.81

$

9.79

Risk-free rate

2.40

%

1.32

%

Dividend yield

0.0

%

 

0.0

%

Schedule of change in the fair value of the derivative warrant liabilities

Level 3 - Derivative warrant liabilities at December 31, 2021

    

$

3,929,800

Change in fair value of derivative warrant liabilities

 

(2,566,400)

Level 3 - Derivative warrant liabilities at March 31, 2022

$

1,363,400

Level 3 - Derivative warrant liabilities at December 31, 2020

    

$

Issuance of Public and Private Warrants

 

21,820,000

Change in fair value of derivative warrant liabilities

(3,689,200)

Transfer of Public Warrants to Level 1

(13,800,000)

Level 3 - Derivative warrant liabilities at March 31, 2021

$

4,330,800