Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of company’s financial assets and liabilities that are measured at fair value on a recurring basis
    Fair Value Measured as of
June 30, 2021		  
    Level 1     Level 2     Level 3  
Liabilities:                        
Derivative warrant liabilities - Public warrants   $ 31,050,000     $
-
     $    
Derivative warrant liabilities - Private placement warrants    
-
      
-
       20,394,000  
Total fair value   $ 376,097,393     $
-
     $ 20,394,000  

 

    Fair Value Measured as of
December 31, 2020		  
    Level 1     Level 2     Level 3  
Assets                  
Investments held in Trust Account - U.S. Treasury Securities (1)   $ 344,931,000     $
            -
    $
            -
 
Liabilities:                        
Derivative warrant liabilities - Public warrants    
-
      
-
       26,047,500  
Derivative warrant liabilities - Private placement warrants    
-
      
-
       16,236,000  
Total fair value   $ 344,931,000     $
-
     $ 42,283,500  

 
Schedule of change in the fair value of the derivative warrant liabilities
Derivative warrant liabilities as of January 1, 2021   $ 42,283,500  
Transfer of Public Warrants from Level 3     (26,047,500 )
Change in fair value of derivative warrant liabilities     4,653,000  
Derivative warrant liabilities as of March 31, 2021   $ 20,889,000  
Change in fair value of derivative warrant liabilities     (495,000 )
Derivative warrant liabilities as of June 30, 2021   $ 20,394,000  

Schedule of quantitative information regarding Level 3 fair value measurements
    As of
June 30,
2021		     As of
December 31,
2021		  
Stock Price   $       9.99     $ 9.91 - $10.80  
Option term (in years)     5.00       5.00  
Volatility     28 %     27.5 %
Risk-free interest rate     0.87 %     0.36%- 0.44 %
Dividend yield     0 %     0 %
Business combination probability     100 %     85 %