Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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   $ 863,845,224     $
-
    $
-
 
Liabilities:                        
Derivative warrant liabilities - public warrants   $ 4,743,750     $
-
    $
-
 
Derivative warrant liabilities - private warrants   $
-
    $ 2,823,330     $
-
 
Promissory note - related party   $
-
    $
-
    $ 1,391,290  

 

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 fair value of underlying conversion feature of promissory note - related party
    June 30,
2022
    December 31,
2021
 
Volatility     53.9 %     67.2 %
Stock price   $ 0.22     $ 0.88  
Expected life of the options to convert     0.42       0.61  
Risk-free rate     2.23 %     0.23 %
Dividend yield     0.0 %     0.0 %

 

Schedule of change in fair value of 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  
Change in fair value of Promissory Note - related party     39,930  
Fair Value of Promissory Note - related party, June 30, 2022   $ 1,391,290