Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
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   $ 862,620,168     $
-
     $
-
  
Liabilities:                        
Derivative warrant liabilities – public warrants   $ 10,670,050     $
-
     $
-
  
Derivative warrant liabilities – private warrants   $
-
     $ 6,350,480     $
-
  
Promissory note – related party   $
-
     $
-
     $ 1,351,360  

 

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
    March 31,
2022		     December 31,
2021		  
Volatility     60.9 %     67.2 %
Stock price   $ 0.49     $ 0.88  
Expected life of the options to convert     0.59       0.61  
Risk-free rate     1.15 %     0.23 %
Dividend yield     0.0 %     0.0 %

 
Schedule of fair value of the promissory note related party
Fair Value of Promissory Note – related party, December 31, 2021   $ 1,392,950  
Change in fair value of Promissory Note – related party     (41,590 )
Fair Value of Promissory Note - related party, March 31, 2022     1,351,360