Schedule of fair value on a recurring basis |
| |
September 30, 2021 | |
Description | |
Quoted Prices in Active Markets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Significant Other Unobservable Inputs (Level 3) | | |
Total | |
Assets: | |
| | |
| | |
| | |
| |
Assets held in Trust Account - U.S. Treasury Securities | |
$ | 300,015,536 | | |
$ | — | | |
$ | — | | |
$ | 300,015,536 | |
Liabilities: | |
| | | |
| | | |
| | | |
| | |
Warrant liability | |
$ | — | | |
$ | 6,140,000 | | |
$ | — | | |
$ | 6,140,000 | |
FPS liability | |
| — | | |
| — | | |
| 2,645,660 | | |
| 2,645,660 | |
Total Liabilities | |
$ | — | | |
$ | 6,140,000 | | |
$ | 2,645,660 | | |
$ | 8,785,660 | |
|
Schedule of changes in fair value of warrant liability |
| |
Private
Placement | | |
Public | | |
Warrant
Liability | |
Fair value as of February 23, 2021 | |
$ | 217,437 | | |
$ | 9,318,750 | | |
$ | 9,536,187 | |
Change in valuation inputs or other assumptions (1) | |
| 4,533 | | |
| 194,250 | | |
| 198,783 | |
Fair value as of March 31, 2021 | |
| 221,970 | | |
| 9,513,000 | | |
| 9,734,970 | |
Change in valuation inputs or other assumptions(1) | |
| (55,720 | ) | |
| (2,388,000 | ) | |
| (2,443,720 | ) |
Fair value as of June 30, 2021 | |
| 166,250 | | |
| 7,125,000 | | |
| 7,291,250 | |
Change in valuation inputs or other assumptions(1) | |
| (26,250 | ) | |
| (1,125,000 | ) | |
| (1,151,250 | ) |
Fair value as of September 30, 2021(2) | |
$ | 140,000 | | |
$ | 6,000,000 | | |
$ | 6,140,000 | |
| (1) | Changes
in valuation inputs or other assumptions are recognized in Change in fair value of warrant liability in the statement of operations. |
| (2) | Due
to the use of quoted prices in an inactive market and the use of observable inputs for similar assets or liabilities (Level 2) for Public
Warrants and Private Placement Warrants, respectively, subsequent to initial measurement, the Company had transfers out of Level 3 totaling
$7.3 million during the nine months ended September 30, 2021. The Company did not have any transfers out of Level 3 during the three
months ended September 30, 2021. |
| |
FPS
Liability | |
Fair value as of February 23, 2021 | |
$ | 3,859,558 | |
Change in valuation inputs or other assumptions(1) | |
| (1,070,164 | ) |
Fair value as of March 31, 2021 | |
$ | 2,789,394 | |
Change in valuation inputs or other assumptions(1) | |
| 234,372 | |
Fair value as of June 30, 2021 | |
$ | 3,023,766 | |
Change in valuation inputs or other assumptions(1) | |
| (378,106 | ) |
Fair value as of September 30, 2021 | |
$ | 2,645,660 | |
| (1) | Changes
in valuation inputs or other assumptions are recognized in Change in fair value of FPS liability in the statement of operations. |
|