Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Measurements  
Schedule of Company's financial assets and liabilities that are measured at fair value on a recurring basis

Fair Value Measured as of September 30, 2023

    

    

    

Significant Other

Quoted Prices in

Significant Other

Unobservable

Active Markets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Liabilities:

Derivative warrant liabilities - Public Warrant

$

$

621,000

$

Derivative warrant liabilities - Private Placement Warrant

$

$

$

308,400

    Fair Value Measured as of December 31, 2022

Significant Other

Quoted Prices in

Significant Other

Unobservable

Active Markets

Observable Inputs

Inputs

Description

    

(Level 1)

(Level 2)

    

(Level 3)

Assets:

 

  

 

  

 

  

Cash and Investments held in Trust Account

$

420,092,302

$

$

Liabilities:

 

  

 

  

 

  

Derivative warrant liabilities - Public Warrant

$

1,035,000

$

$

Derivative warrant liabilities - Private Placement Warrant

$

$

$

514,000

Summary of change in the fair value of the derivative warrant liabilities measured with Level 3 inputs

Derivative warrant liabilities at December 31, 2021 - Level 3

$

5,756,800

Change in fair value of derivative warrant liabilities - Level 3

(5,242,800)

Derivative warrant liabilities at December 31, 2022 - Level 3

514,000

Change in fair value of derivative warrant liabilities - Level 3

102,800

Derivative warrant liabilities at March 31, 2023 - Level 3

616,800

Change in fair value of derivative warrant liabilities - Level 3

(411,200)

Derivative warrant liabilities at June 30, 2023 - Level 3

$

205,600

Change in fair value of derivative warrant liabilities - Level 3

102,800

Derivative warrant liabilities at September 30, 2023 - Level 3

$

308,400

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

December 31, 2022

    

September 30, 2023

  

Exercise price

$

11.50

$

11.50

Volatility

    

5.50

%

5.50

%

Stock price

$

10.11

$

10.62

Expected life of the options to convert

5.19

5.42

Risk-free rate

3.91

%

4.50

%

Implied Success

5.40

%

1.8

%