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Recurring Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Recurring Fair Value Measurements  
Schedule of Company's financial assets and liabilities that were accounted for at fair value on a recurring basis

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

Investments held in Trust Account – U.S. Treasury Bills

$

276,037,035

$

$

Liabilities:

Private Placement Warrants

$

$

$

5,385,600

Public Warrants

$

9,200,000

$

$

Schedule of key inputs

Input

    

June 30, 2021

Risk-free interest rate

0.87

%

Expected term (years)

 

5.0

Expected volatility

 

17.75

%

Acquisition probability

80

%

Exercise price

$

11.50

Schedule of changes in the fair value of warrant liabilities

Fair value at issuance February 11, 2021

    

$

18,028,933

Public Warrants reclassified to level 2(1)

(9,200,000)

Issuance of Private Placement Warrants upon conversion of Working Capital Loans

68,000

Change in fair value

(3,511,333)

Fair Value at June 30, 2021

5,385,600

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