Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities
    Quoted Prices in Active
Markets		     Significant Other
Observable Inputs		     Significant Other
Unobservable Inputs		  
Description   (Level 1)     (Level 2)     (Level 3)  
Assets:                  
Investments held in Trust Account - US Treasury securities   $ 862,533,417     $
-
     $
-
  
Liabilities:                        
Derivative warrant liabilities - public warrants   $ 20,915,630     $
-
     $
-
  
Derivative warrant liabilities - private warrants   $
-
     $ 12,448,330     $
-
  
Promissory note – related party   $
-
     $
-
     $ 1,384,970  

 
Schedule of fair value promissory note related party measurements
    April 13, 2021     June 7, 2021     September 30,
2021		  
Volatility     63.6 %     64.6 %     66.1 %
Stock price   $ 1.61     $ 1.22     $ 0.97  
Expected life of the options to convert     1.32       1.17       0.86  
Risk-free rate     0.09 %     0.07 %     0.08 %
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     1,283,340  
Derivative warrant liabilities at March 31, 2021     16,041,670  
Change in fair value of derivative warrant liabilities     4,106,660  
Derivative warrant liabilities at June 30, 2021     20,148,330  
Transfer of Private Warrants to a Level 2 measurement     (20,148,330 )
Derivative warrant liabilities at September 30, 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     145,180  
Fair Value of Promissory Note - related party, June 30, 2021     1,682,200  
Change in fair value of Promissory Note - related party     (297,230 )
Fair Value of Promissory Note - related party, September 30, 2021   $ 1,384,970