XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.2

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Summary of financial Asset measured at fair value on recurring basis

The following table presents information about the Company’s financial assets that are measured at fair value on a recurring basis as of June 30, 2021 by level within the fair value hierarchy:

June 30, 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 (1)		$	345,056,942			$	—			$	—
Liabilities:
Derivative warrant liabilities		$	9,798,000			$	—			$	21,953,332

(1) Excludes $969 of cash balance held within the Trust Account

Summary of fair value measurements inputs

The following table provides quantitative information regarding Level 3 fair value measurements inputs as their measurement dates:

						As of June 30, 2021
Exercise price							$11.50
Stock price							$ 9.77
Volatility							21.0% / 46.5%
Term							5.42
Risk-free rate							0.94%
Dividend yield							0.0%

Summary of change in the fair value of the derivative warrant liabilities

The change in the fair value of the derivative warrant liabilities at level 3 for the six months ended June 30, 2021 is summarized as follows:

Level 3—Derivative warrant liabilities at January 1, 2021		$	—
Issuance of Public and Private Warrants			35,175,000
Change in fair value of derivative warrant liabilities			(495,335	)
Level 3—Derivative warrant liabilities at March 31, 2021		$	34,679,665
Transfer to Level 1			(12,489,000	)
Change in fair value of derivative warrant liabilities			(237,333	)
Level 3—Derivative warrant liabilities at June 30, 2021		$	21,953,332

X

- Definition

Schedule of changes in the fair value of warrant liabilities.

+ References

No definition available.

+ Details

Name:	dmyq_ScheduleOfChangesInTheFairValueOfWarrantLiabilitiesTableTextBlock
Namespace Prefix:	dmyq_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration