Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities
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   $ 862,549,773     $
-
    $
-
 
Liabilities:                        
Derivative warrant liabilities - public warrants   $ 18,975,000     $
-
    $
-
 
Derivative warrant liabilities - private warrants   $
-
    $ 11,293,330     $
-
 
Promissory note – related party   $
-
    $
-
    $ 1,392,950  

 

Schedule of fair value promissory note related party measurements
    April 13,
2021
    June 7,
2021
    December 31,
2021
 
Volatility     63.6 %     64.6 %     67.2 %
Stock price   $ 1.61     $ 1.22     $ 0.88  
Expected life of the options to convert     1.32       1.17       0.61  
Risk-free rate     0.09 %     0.07 %     0.23 %
Dividend yield     0.0 %     0.0 %     0.0 %

 

Schedule of change in the fair value of the derivative warrant liabilities
Derivative warrant liabilities at January 1, 2021   $
-
 
Issuance of Public and Private Warrants     39,511,970  
Transfer of Public Warrants to a Level 1 measurement     (24,753,640 )
Change in fair value of derivative warrant liabilities     5,390,000  
Transfer of Private Warrants to a Level 2 measurement     (20,148,330 )
Derivative warrant liabilities at December 31, 2021   $
-
 

 

Schedule of fair value of the promissory note related party
Fair Value at January 1, 2021   $
-
 
Initial fair value of Promissory Note- related party - second quarter     1,537,020  
Change in fair value of Promissory Note - related party     (144,070 )
Fair Value of Promissory Note - related party, December 31, 2021   $ 1,392,950