Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.22.2.2
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of financial assets that are measured at fair value on a recurring basis

Significant

Significant

Other

Other

Quoted Prices in

Observable

Unobservable

September 30,

Active Markets

Inputs

Inputs

Description

    

2022

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

 

  

 

  

 

  

 

  

Cash and cash equivalent held in Trust Account

 

347,097,352

 

347,097,352

 

 

Liabilities:

 

 

 

  

 

  

Derivative liability - public warrants

 

448,500

 

448,500

 

 

Derivative liability - private warrants

 

385,667

 

 

385,667

 

Convertible promissory note - related party

1,328,124

1,328,124

    

    

    

Significant

    

Significant

Other

Other

Quoted Prices in

Observable

Unobservable

December 31, 

Active Markets

Inputs

Inputs

Description

    

2021

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

Marketable Securities held in Trust Account

 

345,019,104

 

345,019,104

 

 

Liabilities:

Derivative liability - public warrants

 

5,865,000

 

5,865,000

 

 

Derivative liability - private warrants

 

5,043,333

 

 

5,043,333

 

Convertible promissory note - related party

 

762,850

 

 

 

762,850

Schedule of option measured on significant inputs

As of

 

    

February 23, 2021

    

December 31, 2021

    

September 30, 2022

 

Implied volatility

 

20.00

%

12.50

%

0.00

%

Risk-free interest rate

 

0.80

%

1.35

%

4.05

%

Warrant exercise price

$

11.50

$

11.50

$

11.50

Expected term

 

6.00

6.00

 

5.25

Convertible Promissory Note  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of option measured on significant inputs

    

September 8, 2021

    

December 31, 2021

    

September 30, 2022

 

Risk-free interest rate

0.07

%

0.39

%

3.33

%

Term

0.75

1.00

 

0.25

Expected volatility

15.00

%

12.50

%

 

0.00

%

Exercise price

$

1.50

$

1.50

$

1.50

Stock Price

$

9.75

$

9.74

$

9.85

Probability of transaction

75.0

%

65.0

%

 

20.0

%

Schedule of change in the fair value of the warrant liabilities

    

Convertible

Promissory

Note

Fair value as of January 1, 2022

$

762,850

Proceeds received through convertible promissory note

 

Change in valuation inputs or other assumptions

 

(26,181)

Fair value as of March 31, 2022

736,669

Change in valuation inputs or other assumptions

(12,194)

Draw on convertible promissory note

600,000

Fair value as of June 30, 2022

1,324,475

Change in valuation inputs or other assumptions

3,649

Fair value as of September 30, 2022

$

1,328,124