XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Measurements  
Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis

September 30, 2021

    

    

    

    

    

Quoted Prices in

Significant Other

Significant Other

 Active Markets

Observable Inputs  

Unobservable Inputs

Description

    

  (Level 1)

    

 (Level 2)

    

   (Level 3)

Assets:

Investments held in Trust Account

$

346,752,305

$

$

Liabilities:

 

  

 

  

 

  

Working capital loan - related party

$

$

$

30,600

Derivative warrant liabilities - Public Warrants

$

11,730,000

$

$

Derivative warrant liabilities - Private Placement Warrants

$

$

$

770,310

December 31, 2020

    

    

    

    

    

Quoted Prices in

Significant Other

Significant Other

 Active Markets

Observable Inputs 

 Unobservable Inputs

Description

    

  (Level 1)

    

  (Level 2)

    

  (Level 3)

Assets:

Investments held in Trust Account

$

346,736,767

$

$

Liabilities:

 

  

 

  

 

  

Derivative warrant liabilities - Public Warrants

$

32,775,000

$

$

Derivative warrant liabilities - Private Placement Warrants

$

$

$

1,306,880

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

September 30, 2021

    

December 31, 2020

 

Volatility

 

11.0

%  

23-29

%

Share price

$

9.95

$

10.41

Risk-free rate

 

1.06

%  

 

0.43

%

Dividend yield

 

0.0

%  

 

0.0

%

Expected life (years)

5.5

5.5

Schedule of change in the fair value of the derivative warrant liabilities

Warrant liabilities - Level 3, December 31, 2020

    

$

1,306,880

Change in fair value of warrant liabilities - Level 3

 

(536,570)

Warrant liabilities - Level 3, September 30, 2021

$

770,310

Schedule of change in fair value of the Working Capital Loan

    

Working Capital Loan at January 1, 2021

$

Issuance of Working Capital Loan – Level 3

 

30,690

Change in fair value of Working Capital Loan - Level 3

 

(90)

Working Capital Loan - Level 3, September 30, 2021

$

30,600