Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.4
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value of the derivative warrant liabilities
Description   Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Assets:                        
Mutual Funds   $ 230,007,087     $
         -
    $
-
 
Liabilities:                        
Derivative warrant liabilities - Public   $ 6,516,670     $
-
    $
-
 
Derivative warrant liabilities - Private   $
-
    $ -     $ 4,205,500  

 

Description   Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Assets:                        
Mutual Funds   $ 230,007,668     $
        -
    $
-
 
Liabilities:                        
Derivative warrant liabilities - Public   $
-
    $
-
    $ 11,883,330  
Derivative warrant liabilities - Private   $
-
    $
-
    $ 7,733,340  

 

Schedule of quantitative information regarding Level 3 fair value measurements inputs
    As of
December 31,
2020
    As of
September 30,
2021
 
Volatility     21.0 %     14.0 %
Stock price   $ 10.12     $ 9.80  
Expected life of the options to convert     6.00       5.00  
Risk-free rate     0.51 %     1.09 %
Dividend yield     0.0 %     0.0 %

 

Schedule of the derivative warrant liabilities
Level 3 Derivative warrant liabilities at December 31, 2020   $ 19,616,670  
Transfer of Public Warrants out of Level 3     (11,883,330 )
Change in value inputs or other assumptions     (3,528,340 )
Level 3 Derivative warrant liabilities at September 30, 2021   $ 4,205,000