XML 33 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of company’s assets fair value
   December 31,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2021   (Level 1)   (Level 2)   (Level 3) 
Description                
Assets:                
Marketable Securities held in Trust Account  $345,052,047   $345,052,047   $
   $
 
Liabilities:                    
Forward purchase agreement liabilities   (13,320,000)   
    
    (13,320,000)
Warrant liabilities   (21,153,666)   (13,915,000)   
    (7,238,666)
   $310,578,381   $331,137,047   $
   $(20,558,666)

 

Schedule of Level 3 fair value measurements
   At
December 31,
2021
 
Share price  $10.00 
Strike price  $11.50 
Term (in years)   5.50 
Volatility   19.0%
Risk-free rate   1.31%
Dividend yield   0.0%

 

   At
December 31,
2021
 
Share price   $10.00 
Strike price   $10.00 
Term (in years)    5.50 
Volatility    19.0%
Risk-free rate    1.31%
Dividend yield    0.0%
Schedule of changes in fair value of warrant liabilities
   Public   Private
Placement
   Warrant
Liabilities
 
Fair value as of December 31, 2020  $
   $
   $
 
Initial measurement on March 18, 2021   11,960,000    6,230,000    18,190,000 
Change in fair value of warrant liabilities   1,955,000    1,008,666    2,963,666 
Fair value as of December 31, 2021  $13,915,000   $7,238,666   $21,153,666 

 

Schedule of change in the derivative liability forward purchase agreement
   FPA
Liabilities
 
     
Derivative liability – forward purchase agreement at March 18, 2021  $11,655,000 
Change in fair value of derivative liability – forward purchase agreement   1,665,000 
Derivative liability – forward purchase agreement at December 31, 2021  $13,320,000