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 Were Measured At Fair Value On A Recurring Basis
The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2021, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. The Company uses inputs such as actual trade data, benchmark yields, quoted market prices from dealers or brokers, and other similar sources to determine the fair value of its investments in the Mutual Fund.
 
  
 
 
  
Quoted
 
  
Significant
 
  
Significant
 
 
  
 
 
  
Prices In
 
  
Other
 
  
Other
 
 
  
 
 
  
Active
 
  
Observable
 
  
Unobservable
 
 
  
September 30,
 
  
Markets
 
  
Inputs
 
  
Inputs
 
 
  
2021
 
  
(Level 1)
 
  
(Level 2)
 
  
(Level 3)
 
Assets:
  
  
  
  
Mutual Fund held in Trust Account
   $ 402,520,541      $ 402,520,541      $ —        $ —    
    
 
 
    
 
 
    
 
 
    
 
 
 
Liabilities:
                                   
Warrant liability – Public Warrants
   $ 6,948,408      $ 6,948,408       
 
 
       —    
Warrant liability – Private Warrants
     6,706,726        —         
 
 
       6,706,726  
    
 
 
    
 
 
    
 
 
    
 
 
 
Warrant Liability
   $ 13,655,134      $ 6,948,408      $  —        $ 6,706,726  
    
 
 
    
 
 
    
 
 
    
 
 
 
Schedule Of Quantitative Information Regarding Level 3 Fair Value Measurements
The following table provides quantitative information regarding Level 3 fair value measurements as of September 30, 2021:
 
 
  
September 30,
 
 
  
2021
 
Strike price
   $  11.50  
Share price
   $ 9.5  
Volatility
     40
Risk-free rate
     1.04
Expected term (years)
     5