Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Measurements [Abstract]  
Assets and Liabilities Measured at Fair Value 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 March 31, 2022 and December 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

      March 31, 2022        
Description
 
Quoted Prices in
Active Markets
(Level 1)
   
Significant Other
Observable Inputs
(Level 2)
   
Significant Other
Unobservable Inputs
(Level 3)
 
Assets:
                 
Investments held in Trust Account - U.S Treasury securities
 
$
345,194,152
   
$
-
    $ -  
                         
Liabilities:                        
Derivative warrant liabilities - Public warrants
 
$
5,399,330
   
$
-
   
$
-
 
Derivative warrant liabilities - Private placement warrants
 
$
-
   
$
15,864,330
   
$
-
 

    December 31, 2021
 
Description
 
Quoted Prices in
Active Markets
(Level 1)
   
Significant Other
Observable Inputs
(Level 2)
   
Significant Other
Unobservable Inputs
(Level 3)
 
Assets:
                 
Investments held in Trust Account - U.S Treasury securities
 
$
345,071,635
   
$
-
    $ -  
                         
Liabilities:                        
Derivative warrant liabilities - Public warrants
 
$
10,465,000
   
$
-
   
$
-
 
Derivative warrant liabilities - Private placement warrants
 
$
-
   
$
5,399,330
   
$
-
 
Change in Fair Value of the Derivative Warrant Liabilities Measured using Level 3 Inputs
The change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs, for the period from January 19, 2021 (inception) through March 31, 2021 is summarized as follows:

Derivative liabilities at January 19, 2021 (inception)
 
$
-
 
Issuance of derivative liabilities
   
26,150,000
 
Change in fair value of derivative liabilities
   
(174,330
)
Derivative liabilities at March 31, 2021
 

25,975,670