Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 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.
 
    
December 31,
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
    $ 402,530,526        402,530,526      $ —        $ —    
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Derivative warrant liability –Public Warrants
    $ 6,731,959      $ 6,731,959      $ —        $ —    
Derivative warrant liability –Private Warrants
      6,608,051        —          —          6,608,051  
    
 
 
     
 
 
     
 
 
     
 
 
  
Derivative warrant liabilities
    $ 13,340,010      $ 6,731,959      $ —        $ 6,608,051  
    
 
 
     
 
 
     
 
 
     
 
 
  
Schedule Of Quantitative Information Regarding Level 3 Fair Value Measurements The following table provides quantitative information regarding Level 3 fair value measurements as of December 31, 2021:
    
December 31,
2021
  
Strike price
    $ 11.50  
Share price
    $ 9.59  
Volatility
      40 %
Risk-free rate
      1.28 % 
Expected term (years)
      5