| Schedule of gross holding gains and fair value of held-to-maturity securities |
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Gross |
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Amortized |
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Holding |
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Held-To-Maturity |
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Cost |
|
(Loss) Gain |
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Fair Value |
June 30, 2022 |
|
U.S. Treasury Bill (Matures on September 1, 2022) |
|
$ |
345,522,125 |
|
$ |
(243,133) |
|
$ |
345,278,992 |
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|
|
|
|
|
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|
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|
|
December 31, 2021 |
|
Treasury Obligations Fund |
|
$ |
— |
|
$ |
— |
|
$ |
345,034,025 |
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| Schedule of Company's assets that are measured at fair value on a recurring basis |
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June 30, |
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December 31, |
Description |
|
Level |
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2022 |
|
2021 |
Assets: |
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|
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|
|
|
|
|
Cash and marketable securities held in Trust Account |
|
1 |
|
$ |
345,523,714 |
|
$ |
345,034,441 |
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|
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Liabilities: |
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Warrant liabilities - Public Warrants |
|
1 |
|
$ |
920,000 |
|
$ |
6,440,000 |
Warrant liabilities - Private Placement Warrants |
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2 |
|
$ |
517,333 |
|
$ |
3,621,333 |
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| Schedule of changes in the fair value of warrant liabilities |
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Private Placement |
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Public |
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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 |
Change in fair value |
|
|
1,810,666 |
|
|
3,220,000 |
|
|
5,030,666 |
Transfer to Level 1 |
|
|
— |
|
|
(10,810,000) |
|
|
(10,810,000) |
Transfer to Level 2 |
|
|
(6,078,666) |
|
|
— |
|
|
(6,078,666) |
Fair value as of June 30, 2021 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|