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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities that are measured at fair value on a recurring basis

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 – money market fund

 

$

349,942,773

 

$

 

$

Liabilities:

 

 

   

 

   

 

 

Derivative warrant liabilities – Public

 

$

10,781,250

 

$

 

$

Derivative warrant liabilities – Private Placement

 

$

 

$

 

$

14,051,190

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 – money market fund

 

$

345,044,341

 

$

 

$

Liabilities:

 

 

   

 

   

 

 

Derivative warrant liabilities – Public

 

$

12,937,500

 

$

 

$

Derivative warrant liabilities – Private Placement

 

$

 

$

 

$

17,140,250

Schedule of quantitative information regarding Level 3 fair value measurements inputs
 

December 31, 2022

 

December 31, 2021

Exercise price

 

$

11.50

 

 

$

11.50

 

Stock price

 

$

10.17

 

 

$

10.00

 

Volatility

 

 

10.36

%

 

 

21.82

%

Term

 

 

5.33

 

 

 

5.46

 

Risk-free rate

 

 

3.95

%

 

 

1.30

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

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

Derivative warrant liabilities at February 2, 2021

 

$

 

Issuance of Public and Private Placement Warrants

 

 

21,160,000

 

Loss upon issuance of Private Placement Warrants

 

 

2,175,000

 

Transfer of Public Warrants to Level 1

 

 

(11,471,250

)

Change in fair value of derivative warrant liabilities

 

 

5,276,500

 

Derivative warrant liabilities at December 31, 2021

 

 

17,140,250

 

Change in fair value of derivative warrant liabilities

 

 

(3,089,060

)

Derivative warrant liabilities at December 31, 2022

 

$

14,051,190