Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Measurements  
Schedule of Company's assets that are measured at fair value on a recurring basis

Fair Value Measured as of December 31, 2021

Significant Other

    

Quoted Prices in

    

Significant Other

    

Unobservable

Active Markets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Assets:

Investments held in Trust Account

$

414,023,891

$

$

Liabilities:

Derivative warrant liabilities - Public warrant

$

11,592,000

$

$

Derivative warrant liabilities - Private warrant

$

$

$

5,756,800

Schedule of change in the fair value of the warrant liabilities

Derivative warrant liabilities at January 1, 2021

    

$

Issuance of Public and Private Warrants - Level 3

 

21,272,000

Transfer of Public Warrants to Level 1 Measurement

(14,076,000)

Change in fair value of derivative warrant liabilities - Level 3

(1,439,200)

Derivative warrant liabilities at December 31, 2021 - Level 3

$

5,756,800

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

As of December 31, 2021

  

Volatility

    

10.00

%

Stock price

$

9.73

Expected life of the options to convert

5.61

Risk-free rate

1.31

%

Dividend yield

0

%

Probability of business combination

90

%