Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Company's assets that are measured at fair value on a recurring basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021, by level within the fair value hierarchy:

	Fair Value Measured as of September 30, 2022
	Level 1		Level 2		Level 3		Total
Assets
Investments held in Trust Account (1)	$	553,175,215	$	—	$	—	$	553,175,215
Liabilities:
Derivative public warrant liabilities	$	440,000	$	—	$	—	$	440,000
Derivative private warrant liabilities	$	—	$	480,000	$	—	$	480,000

(1) Includes approximately $1,400 of cash.

	Fair Value Measured as of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets
Investments held in Trust Account (2)	$	550,153,304	$	—	$	—	$	550,153,304
Liabilities:
Derivative public warrant liabilities	$	8,250,000	$	—	$	—	$	8,250,000
Derivative private warrant liabilities	$	—	$	—	$	9,120,000	$	9,120,000

(2) Includes approximately $900 of cash.

Schedule of quantitative information regarding Level 3 fair value measurements inputs

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

	As of December 31, 2021
Exercise price		11.50
Stock Price		9.74
Option term (in years)		5.00
Volatility		13	%
Risk-free interest rate		1.26	%

Schedule of change in the fair value of the warrant liabilities

The change in the fair value of the derivative warrant liabilities measured utilizing Level 3 inputs for the nine months ended September 30, 2022 and the change in the fair value of the derivative warrant liabilities measured utilizing Level 3 for the period from January 11, 2021 (inception) through September 30, 2021 is summarized as follows:

Derivative warrant liabilities at December 31, 2021 - Level 3	$	9,120,000
Transfer of Private Warrants to Level 2 - March 31, 2022		(9,120,000	)
Derivative warrant liabilities at September 30, 2022 - Level 3	$	—

Derivative warrant liabilities at January 11, 2021	$	—
Issuance of Derivative Warrants (level 3)		56,230,000
Change in fair value of derivative warrant liabilities - Level 3		(3,030,000	)
Derivative warrant liabilities at March 31, 2021 - Level 3	$	53,200,000
Transfer of Public Warrants to Level 1		(23,320,000	)
Change in fair value of derivative warrant liabilities - Level 3		(12,240,000	)
Derivative warrant liabilities at June 30, 2021 - Level 3	$	17,640,000
Change in fair value of derivative warrant liabilities - Level 3		(6,360,000	)
Derivative warrant liabilities at September 30, 2021 - Level 3	$	11,280,000