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Fair Value Measurements on a Recurring Basis (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis
   September 30, 2021 
Description  Quoted Prices
in Active
Markets
(Level 1)
   Significant
Other
Observable
Inputs
(Level 2)
   Significant   Other
Unobservable
Inputs
(Level 3)
   Total 
Assets:                
Assets held in Trust Account - U.S. Treasury Securities  $300,015,536   $
   $
   $300,015,536 
Liabilities:                    
Warrant liability  $
   $6,140,000   $
   $6,140,000 
FPS liability   
    
    2,645,660    2,645,660 
Total Liabilities  $
   $6,140,000   $2,645,660   $8,785,660 

 

Schedule of Level 3 fair value measurements
   February 23,
2021
(initial measurement)
 
Risk-free interest rate   0.76%
Expected term (years)   5 
Expected volatility   17.5%
Exercise price  $11.50 
Stock price  $10.00 
Dividend yield   0.0%

 

Schedule of changes in fair value of warrant liability
    Private
Placement
    Public     Warrant
Liability
 
Fair value as of February 23, 2021   $ 217,437     $ 9,318,750     $ 9,536,187  
Change in valuation inputs or other assumptions (1)     4,533       194,250       198,783  
Fair value as of March 31, 2021     221,970       9,513,000       9,734,970  
Change in valuation inputs or other assumptions(1)     (55,720 )     (2,388,000 )     (2,443,720 )
Fair value as of June 30, 2021     166,250       7,125,000       7,291,250  
Change in valuation inputs or other assumptions(1)     (26,250 )     (1,125,000 )     (1,151,250 )
Fair value as of September 30, 2021(2)   $ 140,000     $ 6,000,000     $ 6,140,000  

 

   FPS
Liability
 
Fair value as of February 23, 2021  $3,859,558 
Change in valuation inputs or other assumptions(1)   (1,070,164)
Fair value as of March 31, 2021  $2,789,394 
Change in valuation inputs or other assumptions(1)   234,372 
Fair value as of June 30, 2021  $3,023,766 
Change in valuation inputs or other assumptions(1)   (378,106)
Fair value as of September 30, 2021  $2,645,660