Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value

The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 by level within the fair value hierarchy.

The Public Warrants and Private Placement Warrants are accounted for as liabilities pursuant to ASC 815-40 and are measured at fair value as of each reporting period. Changes in the fair value of the Public Warrants and Private Placement Warrants are recorded in the statement of operations each period.

The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 by level within the fair value hierarchy.

	Level 1		Level 2		Level 3		Total
Assets
Marketable securities held in Trust Account	$	321,345,066	$	—	$	—	$	321,345,066
	$	321,345,066	$	—	$	—	$	321,345,066
Liabilities:		____________				____________		____________
Public Warrants	$	8,696,875	$	—	$	—	$	8,696,875
Private Placement Warrants		—		—		6,966,795		6,966,795
Total liabilities	$	8,696,875	$	—	$	6,966,795	$	15,663,670

The following table presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 by level within the fair value hierarchy.

	Level 1		Level 2		Level 3		Total
Assets
Marketable securities held in Trust Account	$	319,421,010	$	—	$	—	$	319,421,010
	$	319,421,010	$	—	$	—	$	319,421,010
Liabilities:
Public Warrants	$	14,959,333	$	—	$	—	$	14,959,333
Private Placement Warrants		—		—		12,402,426		12,402,426
Total liabilities	$	14,959,333	$	—	$	12,402,426	$	27,361,759

Summary 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:

Input	December 31 2021			September 30, 2022
Risk-free interest rate		1.35	%		3.97	%
Expected term until merger (years)	1.12			0.30
Expected term until expiration (years)		6.12			5.30
Expected volatility	13.00		%	5.20		%
Underlying share price	$	9.86		$	10.04
Exercise price	$	11.50		$	11.50

Summary of Changes in Fair Value of Level 3 Derivative Warrant Liabilities

The following table presents a summary of the changes in the fair value of the derivative warrant liabilities, based on the Level 3 inputs above:

	Public Warrant Liability		Private Warrant Liability		Total
Fair value, January 1, 2022	$	14,959,333	$	12,402,426	$	27,361,759
Change in fair value		5,717,074		4,944,833		10,661,907
Fair value as of March 31, 2022	$	9,242,259	$	7,457,593	$	16,699,852
Change in fair value		6,066,864		4,901,141		10,968,005
Fair value as of June 30, 2022	$	3,175,395	$	2,556,452	$	5,731,847
Change in fair value		(5,521,480)		(4,410,343)		(9,931,823)
Fair value, September 30, 2022	$	8,696,875	$	6,966,795	$	15,663,670