Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of gross holding gains and fair value of held-to-maturity securities

Gross 

Amortized 

Holding 

    

Held-To-Maturity

    

Cost

    

Gain

    

Fair Value

March 31, 2021

 

U.S. Treasury Securities (Mature on 5/27/2021)

$

345,008,873

$

8,226

$

345,017,099

Schedule of Company's assets that are measured at fair value on a recurring basis

    

    

March 31, 

Description

Level

 

2021

Assets:

 

  

 

  

Cash and marketable securities held in Trust Account

 

1

$

345,017,099

Liabilities:

 

  

 

  

Warrant Liability - Public Warrants

3

$

7,590,000

Warrant Liability - Private Placement Warrants

 

3

$

4,268,000

Schedule of quantitative key inputs into the binomial lattice model for the Level 3 Warrants

February 23, 2021

(Initial

    

Measurement)

    

March 31, 2021

Unit price

$

10.42

$

9.89

Exercise price

$

11.50

$

11.50

Term to initial business combination (in years)

1.0

 

0.9

Volatility

20.0

% 

 

11.5

%

Risk-free rate

0.80

% 

1.14

%

Dividend yield

0.0

% 

 

0.0

%

Schedule of changes in the fair value of warrant liabilities

    

Private Placement

    

Public

    

Warrant Liabilities

Fair value as of January 1, 2021

$

$

$

Initial measurement on February 23, 2021

 

9,505,999

 

16,905,000

26,410,999

Change in fair value

(5,237,999)

(9,315,000)

(14,552,999)

Fair value as of March 31, 2021

$

4,268,000

$

7,590,000

$

11,858,000