Recurring Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of assets and liabilities that were measured at fair value on a recurring basis

June 30, 2022	Level 1		Level 2		Level 3
Assets:
U.S. Money Market held in Trust Account	$	380,194,051	$	—	$	—
Liabilities:
Forward Purchase Agreement Liability	$	—	$	427,083	$	—
Working Capital Loan Option		—		—		—
Public Warrants		1,581,250		—		—
Private Placement Warrants		—		913,104		—
	$	1,581,250	$	1,340,187	$	—

December 31, 2021	Level 1		Level 2		Level 3
Assets:
U.S. Money Market held in Trust Account	$	379,588,190	$	—	$	—
Liabilities:
Forward Purchase Agreement Liability	$	—	$	—	$	2,462,675
Working Capital Loan Option		—		—		—
Public Warrants		9,243,355		—		—
Private Placement Warrants		—		—		5,265,199
	$	9,243,355	$	—	$	7,727,874

Schedule of quantitative information regarding Level 3 fair value measurements inputs

	At
	December 31,
	2021
Share price	$	9.84
Strike price	$	11.50
Term (in years)		5.97
Volatility		13.6	%
Risk-free rate		1.35	%
Dividend yield		0.0	%

Schedule of change in the fair value of the warrant liabilities

Fair Value at December 31, 2021	$	7,727,874
Change in fair value		(4,446,542)
Fair Value at March 31, 2022	$	3,281,332
Change in fair value		(1,941,145)
Private Placement Warrants reclassified to level 2 (1)		(913,104)
FPA reclassified to level 2 (1)		(427,083)
Fair Value at June 30, 2022	$	—
Fair Value at December 31, 2020	$	—
Initial fair value of the warrants and FPA		28,233,716
Public Warrants reclassified to level 1 (2)		(7,590,000)
Change in fair value		(16,068,517)
Fair Value at March 31, 2021	$	4,575,199
Change in fair value		6,423,514
Fair Value at June 30, 2021	$	10,998,713

(1) Assumes the Private Placement Warrants and FPA were reclassified on June 30, 2022.

(2) Assumes the Public Warrants were reclassified on June 30, 2021.

Working capital loans

Schedule of quantitative information regarding Level 3 fair value measurements inputs

The following table provides quantitative information regarding Level 3 fair value measurements as of June 30, 2022 and December 31, 2021 (the initial measurement date of the Working Capital Loan Option):

	At			At
	June 30,			December 31,
	2022			2021
Stock price	$	9.84		$	9.84
Volatility		11.2	%		13.6	%
Weighted term		0.49	years		0.99	years
Conversion price	$	1.50		$	1.50
Risk-free rate		3.02	%		1.35	%