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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of company’s assets fair value
   September 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   $345,030,985   $345,030,985   $
   $
 
Liabilities:                     
Forward purchase agreement liabilities    (8,991,000)   
    
    (8,991,000)
Warrant liabilities    (14,180,333)   (9,315,000)   
    (4,865,333)
   $321,859,652   $335,715,985    $
   $(13,856,333)

 

Schedule of quantitative information regarding Level 3 fair value measurements
   At
March 18,
2021
(Initial
Measurement)
   At
September 30,
2021
 
Share price  $10.00   $10.00 
Strike price  $11.50   $11.50 
Term (in years)   6.00    6.00 
Volatility   12.5%   12.3%
Risk-free rate   1.11%   1.15%
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 
Change in fair value of warrant liabilities   (3,335,000)   (1,720,667)   (5,055,667)
Fair value as of September 30, 2021  $9,315,000   $4,865,333   $14,180,333 

 

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 
Change in fair value of derivative liability – forward purchase agreement   (3,330,000)
Derivative liability – forward purchase agreement at September 30, 2021  $8,991,000