Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

	Fair Value Measured as of September 30, 2021
	Level 1		Level 2		Level 3		Total
Assets
Investments held in Trust Account - money market fund	$	304,761,959	$	-	$	-	$	304,761,959
Liabilities:
Warrant liabilities - public warrants	$	8,990,125	$	-	$	-	$	8,990,125
Warrant liabilities - private warrants	$	-	$	-	$	5,162,500	$	5,162,500

Change in Fair Value of Derivative Warrant Liabilities

The change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs, for three and nine months ended September 30, 2021 is summarized as follows:

Warrant liabilities at January 1, 2021	$	-
Issuance of Public and Private Warrants		37,835,375
Public Warrants transfer to Level 1		(23,922,875	)
Change in fair value of warrant liabilities		(175,000	)
Warrant liabilities at March 31, 2021		13,737,500
Change in fair value of warrant liabilities		(4,550,000	)
Warrant liabilities at June 30, 2021		9,187,500
Change in fair value of warrant liabilities		(4,025,000	)
Warrant liabilities at September 30, 2021	$	5,162,500

Level 3 Fair Value Measurement Inputs

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

	September 30, 2021			February 5, 2021
Exercise price	$	11.50		$	11.50
Stock Price	$	9.74		$	10.30
Term (in years)		5.10			6.59
Volatility		11.70	%		19.60	%
Risk-free interest rate		1.00	%		0.76	%
Dividend yield		0.00	%		0.00	%