FAIR VALUE MEASUREMENTS

6 Months Ended

9 Months Ended

Jan. 11, 2021

Sep. 30, 2021

Fair Value Measurements

Schedule of company's financial assets and liabilities that are measured at fair value on a recurring basis

	Quoted Prices
	in		Significant Other		Significant Other
	Active Markets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Liabilities:
Derivative warrant liabilities - Public Warrants	$	—	$	—	$	14,628,000
Derivative warrant liabilities - Private Placement Warrants	$	—	$	—	$	7,520,000

	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	$	276,052,152	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public Warrants	$	13,340,000	$	—	$	—
Derivative warrant liabilities - Private Placement Warrants	$	—	$	—	$	7,419,730
Convertible note – related party	$	—	$	—	$	1,064,140

Schedule of quantitative information regarding and derivative warrant liabilities measured Level 3 fair value measurements inputs

	As of January 11, 2021
Option term (in years)		6.47
Stock price	$	9.91
Volatility		14.0	%
Risk-free interest rate		0.75	%
Expected dividends		0.00	%

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:

	As of September 30, 2021
Option term (in years)		5.09
Stock price	$	9.90
Volatility		21.1	%
Risk-free interest rate		0.99	%
Expected dividends		—	%

The following table provides quantitative information regarding Level 3 fair value measurements inputs used by the estimated fair value of warrants that may be issued upon conversion of the Convertible Note at their measurement dates:

				As of April 15, 2021
	As of September 30, 2021			(Draw Down Date)
Option term (in years)		0.21			0.55
Stock price	$	1.48		$	1.38
Volatility		72.0	%		67.5	%
Risk-free interest rate		0.05	%		0.04	%
Expected dividends		—	%		—	%