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  
Summary 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 6/10/2021)

$

345,006,447

$

13,202

$

345,019,649

Schedule of company's liabilities that are measured at fair value on a recurring basis

    

    

March 31, 

Description

Level

 

2021

Assets:

 

  

 

  

U.S. Treasury Securities

 

1

$

345,019,649

Liabilities:

 

  

 

  

Warrant Liability – Public Warrants

3

$

8,165,000

Warrant Liability – Private Placement Warrants

 

3

$

5,538,000

Schedule of quantitative information regarding Level 3 fair value measurements

March 9, 2021 

 

    

(Initial Measurement)

    

March 31, 2021

 

Unit price

$

10.02

$

9.88

Exercise price

$

11.50

$

11.50

Term to initial business combination (in years)

 

1.0

 

0.9

Volatility

 

15.0

%  

 

12.0

%

Risk-free rate

 

1.03

%  

 

1.15

%

Dividend yield

 

0.0

%  

 

0.0

%

Schedule of change in the fair value of the warrant liabilities (level 3 measurements)

    

Private Placement

    

Public 

    

Warrant  Liabilities

Fair value as of January 1, 2021

$

$

$

Initial measurement on March 9, 2021

 

7,644,000

 

11,270,000

 

18,914,000

Change in fair value

 

(2,106,000)

 

(3,105,000)

 

(5,211,000)

Fair value as of March 31, 2021

 

$

5,538,000

 

$

8,165,000

 

$

13,703,000