Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 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 June 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.
 
    
June 30,

2021
     
Quoted

Prices In

Active

Markets

(Level 1)
     
Significant

Other
Observable
Inputs
(Level 2)
     
Significant

Other
Unobservable
Inputs

(Level 3)
  
Assets:
                                    
Mutual Fund held in Trust Account
    $ 402,515,362      $ 402,515,362      $ —        $ —    
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Warrant liability – Public Warrants
    $ 10,338,960     
$
10,338,960
        —          —    
Warrant liability – Private Warrants
      9,974,649                 —          9,974,649  
Warrant Liability
    $ 20,313,609      $
10,338,960
     
$
 —       
$
 9,974,649  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Quantitative Information Regarding Level 3 Fair Value Measurements
The following table provides quantitative information regarding Level 3 fair value measurements as of June 30, 2021:
 
 
  
June 30,

2021
 
Strike price
  
$
 11.50
 
Share price
  
$
9.31
 
Volatility
  
 
40.0
% 
Risk-free rate
  
 
1.07
% 
Expected term (years)
  
 
5.0