XML 28 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of company’s assets fair value
   June 30,   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  $345,014,376   $345,014,376   $
                 -
   $
    -
 
Liabilities:                    
Forward purchase agreement liabilities   (12,321,000)   
-
    
-
    (12,321,000)
Warrant liabilities   (19,236,000)   (19,236,000)   
-
    
-
 
   $313,457,376   $325,778,376   $
-
   $(12,321,000)

 

Schedule of quantitative information regarding Level 3 fair value measurements
   At
March 18,
2021
(Initial
Measurement)
   At
June 30,
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%   1.04%
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 fair value of warrant liabilities   230,000    118,666    348,666 
Fair value as of March 31, 2021  $12,190,000   $6,348,666   $18,538,666 
Change in fair value of warrant liabilities   460,000    237,333    697,333 
Fair value as of June 30, 2021  $12,650,000   $6,586,000   $19,236,000 

 

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 
Change in fair value of derivative liability – forward purchase agreement   666,000 
Derivative liability – forward purchase agreement at June 30, 2021  $12,321,000