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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
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
 
   2022   (Level 1)   (Level 2)   (Level 3) 
Description                
Assets:                
Marketable Securities held in Trust Account  $345,055,667   $345,055,667   $
     —
   $
 
Liabilities:             
 
      
Forward purchase agreement liabilities   (10,656,000)   
    
    (10,656,000)
Warrant liabilities   (16,795,333)   (11,040,000)   
    (5,755,333)

 

   December 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  $345,052,047   $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)

 

Schedule of Level 3 fair value measurements
   At
March 31,
2022
   At
December 31,
2021
 
Share price  $10.00   $10.00 
Strike price  $11.50   $11.50 
Term (in years)   5.25    5.50 
Volatility   12.0%   19.0%
Risk-free rate   2.42%   1.31%
Dividend yield   0.0%   0.0%

 

   At
March 31,
2022
   At
December 31,
2021
 
Share price  $10.00   $10.00 
Strike price  $11.50   $11.50 
Term (in years)   5.25    5.50 
Volatility   11.8%   19.0%
Risk-free rate   2.42%   1.31%
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, 2021  $
   $
   $
 
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 
Change in fair value   (2,875,000)   (1,483,333)   (4,358,333)
Fair value as of March 31, 2022  $11,040,000   $5,755,333   $16,795,333 

 

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   1,665,000 
Derivative liability – forward purchase agreement at December 31, 2021  $13,320,000 
Change in fair value of derivative liability – forward purchase agreement   (2,664,000)
Derivative liability – forward purchase agreement at March 31, 2022   10,656,000