Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Fair Value, Assets Measured on Recurring Basis
The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2021 by level within the fair value hierarchy:
 
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
   $ 495,948,830      $ —        $  —    
Liabilities:
                          
Derivative warrant liabilities - Public
   $ 8,827,180      $ —        $ —    
Derivative warrant liabilities - Private
   $ —        $ 8,080,120      $ —    
Summary Of Change in Fair Value of Derivative Warrant Liabilities
The change in the fair value of the derivative warrant liabilities for the period for the year ended December 31, 2021 is summarized as follows:
 
Level 3 - Derivative warrant liabilities at December 31, 2020
   $ —    
Issuance of derivative warrant liabilities
     21,086,630  
Change in fair value of derivative warrant liabilities
     (3,039,510
Transfer of Public Warrants to Level 1
     (9,422,270
Transfer of Private Warrants to Level 2
     (8,624,850
    
 
 
 
Level 3 - Derivative warrant liabilities at December 31, 2021
   $ —