XML 30 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of company’s assets fair value
   March 31,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2021   (Level 1)   (Level 2)   (Level 3) 
Description                
Assets:                
Marketable Securities held in Trust Account  $345,001,294   $345,001,294   $          -   $- 
Liabilities:                    

FPA liabilities

   

(11,655,000

)

             

(11,655,000

)

Warrant liabilities   (18,538,666)   -    -    (18,538,666)
   $314,807,628   $345,001,294   $-   $(30,193,666)
Schedule of quantitative information regarding Level 3 fair value measurements
    At
March 18,
2021
(Initial
Measurement)
    At
March 31,
2021
 
Share price   $ 10.00     $ 10.00  
Strike price   $ 11.50     $ 11.50  
Term (in years)     6.00       6.00  
Volatility     12.5 %     15.0 %
Risk-free rate     1.11 %     1.16 %
Dividend yield     0.0 %     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 valuation inputs or other assumptions     230,000       118,666       348,666  
Fair value as of March 31, 2021   $ 12,190,000     $ 6,348,666     $ 18,538,666  
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   - 
Derivative liability – forward purchase agreement at March 31, 2021  $11,655,000