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RECURRING FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2022
RECURRING FAIR VALUE MEASUREMENTS  
Summary of gross unrealized holding loss and fair value of held-to-maturity securities

The following table presents information about the Company’s gross holding gains and fair value of held-to-maturity securities at March 31, 2022 and December 31, 2021:

    

    

    

    

Gross

    

Amortized 

 Holding 

Held-To-Maturity

Level

Cost

Gain (Loss)

Fair Value

March 31, 2022

 

U.S. Treasury Bill (Matures on 07/07/2022)

 

1

$

276,127,409

$

(278,484)

$

275,848,925

December 31, 2021

 

U.S. Treasury Bill (Matures on 01/06/2022)

 

1

$

276,079,634

$

1,274

$

276,080,908

Schedule of Company's financial assets and liabilities that were accounted for at fair value on a recurring basis

    

Level 1

    

Level 2

    

Level 3

Liabilities:

Private Placement Warrants

 

$

 

$

 

$

1,591,920

Public Warrants

 

$

2,760,000

 

$

 

$

    

Level 1

    

Level 2

    

Level 3

Liabilities:

Private Placement Warrants

$

$

$

2,692,800

Public Warrants

$

4,692,000

$

$

Schedule of key inputs

December 31,

March 31,

Input

    

2021

    

2022

    

Risk-free interest rate

1.26

%

2.41

%

Expected term (years)

5.0

5.78

Expected volatility

10.50

%

4.8

%

Dividend rate

0.0

%

0.0

%

Exercise price

$

11.50

$

11.50