XML 59 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of company's assets fair value
 
December 31,
2021
Quoted
Prices In
Active
Markets
Significant
Other
Observable
Inputs
Significant
Other
Unobservable
Inputs
 
(Level 1)
(Level 2)
(Level 3)
Description
 
 
 
 
Assets:
 
 
 
 
Marketable Securities held in Trust Account
$345,052,047
$345,052,047
$
$
Liabilities:
 
 
 
 
Forward purchase agreement liabilities
(13,320,000)
(13,320,000)
Warrant liabilities
(21,153,666)
(13,915,000)
(7,238,666)
 
$310,578,381
$331,137,047
$
$(20,558,666)
Schedule of Level 3 fair value measurements
 
At December 31,
2021
Share price
$10.00
Strike price
$11.50
Term (in years)
5.50
Volatility
19.0%
Risk-free rate
1.31%
Dividend yield
0.0%%
 
At December 31,
2021
Share price
$10.00
Strike price
$10.00
Term (in years)
5.50
Volatility
19.0%
Risk-free rate
1.31%
Dividend yield
0.0%%
Schedule of changes in fair value of warrant liabilities
 
Public
Private
Placement
Warrant
Liabilities
Fair value as of December 31, 2020
$
$
$
Initial measurement on March 18, 2021
11,960,000
6,230,000
18,190,000
Change in fair value of warrant liabilities
1,955,000
1,008,666
2,963,666
Fair value as of December 31, 2021
$13,915,000
$7,238,666
$21,153,666
Schedule of change in the derivative liability forward purchase agreement
 
FPA
Liabilities
Derivative liability – forward purchase agreement at March 18, 2021
$11,655,000
Change in fair value of derivative liability – forward purchase agreement
1,665,000
Derivative liability – forward purchase agreement at December 31, 2021
$13,320,000