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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
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.

June 30, 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

 

$

276,431,890

$

$

Liabilities:

 

  

 

  

Derivative warrant liabilities - Public

$

414,000

$

$

Derivative warrant liabilities - Private

$

$

$

240,600

Working Capital Loan - related party

 

$

$

$

811,173

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

Derivative Warrant Liabilities  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

As of June 30, 2022

As of December 31, 2021

Volatility

    

0.7

%

    

9.8

%

Stock price

$

9.83

$

9.79

Risk-free rate

3.00

%

1.32

%

Dividend yield

0.0

%

 

0.0

%

Schedule of change in the fair value of Level 3 measurements

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

Change in fair value of derivative warrant liabilities

(1,122,800)

Level 3 - Derivative warrant liabilities at June 30, 2022

$

240,600

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

Change in fair value of derivative warrant liabilities

2,005,000

Level 3 - Derivative warrant liabilities at June 30, 2021

$

6,335,800

Working Capital Loan - Related Party  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

As of June 30, 2022

    

As of December 31, 2021

Warrant Price

    

$

0.03

$

0.49

Volatility

100.0

%

100.0

%

Risk-free rate

2.51

%

 

0.40

%

Debt yield

30.0

%

30.0

%

Schedule of change in the fair value of Level 3 measurements

Level 3 - Working Capital Loan - Related Party at December 31, 2021

$

179,352

Initial borrowings

467,000

Change in fair value of Working Capital Loan - related party

(43,097)

Level 3 - Working Capital Loan - Related Party at March 31, 2022

603,255

Initial borrowings

171,884

Change in fair value of Working Capital Loan - related party

36,034

Level 3 - Working Capital Loan - Related Party at June 30, 2022

$

811,173