Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets Measured on Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description:

 

Level

 

September 30, 2021

 

Assets:

 

 

 

 

 

 

Cash and marketable securities held in Trust Account

 

1

 

$

358,817,210

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Warrant liability

 

2

 

$

384,881

 

Schedule of Fair Value of Warrants Estimated with Assumptions

The fair value of the warrants was estimated using the following assumptions:

 

 

 

Upon Issuance

 

Stock Price

 

$

9.83

 

Volatility

 

 

10.00

%

Risk free interest rate

 

 

0.62

%

Exercise price

 

$

11.50

 

Time to maturity - years

 

 

6.0

 

Schedule of Change in Fair Value of Warrant Liability

The change in the fair value of the Level 3 warrant liability during the three and nine months ended September 30, 2021 is as follows:

 

 

 

For the Nine

Months Ended

 

 

 

September 30, 2021

 

Fair value - beginning of period

 

$

 

Additions

 

 

187,908

 

Change in fair value

 

 

229,962

 

Transfers out of level 3 to level 2

 

 

(417,870

)

Fair value - end of period

 

$