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 assets and liabilities that are measured at fair value on a recurring basis
    September 30,     Quoted Prices In Active Markets     Significant Other Observable Inputs     Significant Other Unobservable Inputs  
    2021     (Level 1)     (Level 2)     (Level 3)  
Assets:                                
Mutual Funds   $ 1,001,000     $ 1,001,000     $
-
    $
      -
 
U.S. Money Market held in Trust Account     300,017,634       300,017,634      
-
     
-
 
    $ 301,018,634     $ 301,018,634     $
-
    $
-
 
Liabilities:                                
Public Warrants Liability   $ 6,675,000     $ 6,675,000     $
-
    $
-
 
Private Placement Warrants Liability     178,000               178,000      
-
 
    $ 6,853,000     $ 6,675,000     $ 178,000     $
-
 

 

Schedule of changes in the fair value of Level 3 warrant liabilities
    Level 3 Warrant
Liabilities
 
Fair Value as of December 31, 2020   $
 
Initial measurement on February 22, 2021     8,397,000  
Change in valuation as of March 31, 2021     (3,005,000 )
Fair Value as of March 31, 2021     5,392,000  
Change in valuation as of June 30, 2021     3,848,000  
Transfer of Public Warrants to Level 1     (9,000,000  
Transfer of Private Placement Warrants to Level 2     (240,000 )
Fair Value as of June 30, 2021 and September 30, 2021   $
 

 

Schedule of key inputs into the Monte Carlo simulation and Black-Sholes model
    (Initial Measurement) February 22,
2021
 
Inputs        
Risk-free interest rate     0.61 %
Exercise price   $ 11.50  
Expected volatility     14.5 %
Underlying stock price   $ 11.10  
Term (in years)     5.0