Schedule of company's assets that are measured at fair value on a recurring basis |
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Amount at |
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Description |
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Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
June 30, 2022 |
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Assets |
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Investments held in Trust Account: |
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Money Market investments |
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$ |
200,285,358 |
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$ |
200,285,358 |
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$ |
— |
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$ |
— |
Liabilities |
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Warrant liability - Public Warrants |
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$ |
800,000 |
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$ |
800,000 |
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$ |
— |
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$ |
— |
Warrant liability- Private Placement Warrants |
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$ |
480,000 |
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$ |
— |
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$ |
— |
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$ |
480,000 |
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Amount at |
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Description |
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Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
December 31, 2021 |
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Assets |
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Investments held in Trust Account: |
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Money Market investments |
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$ |
200,010,449 |
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$ |
200,010,449 |
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$ |
— |
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$ |
— |
Liabilities |
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Warrant liability - Public Warrants |
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$ |
10,300,000 |
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$ |
10,300,000 |
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$ |
— |
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$ |
— |
Warrant liability- Private Placement Warrants |
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$ |
6,240,000 |
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$ |
— |
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$ |
— |
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$ |
6,240,000 |
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Schedule of changes in the fair value of warrant liabilities |
The following table presents the changes in the fair value of warrant liabilities:
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Private |
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Warrant |
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Placement |
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Public |
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Liabilities |
Fair value as of January 1,2022 |
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$ |
6,240,000 |
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$ |
10,300,000 |
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$ |
16,540,000 |
Change in fair value |
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(480,000) |
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(700,000) |
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(1,180,000) |
Fair value as of March 31, 2022 |
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5,760,000 |
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9,600,000 |
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15,360,000 |
Change in fair value |
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(5,280,000) |
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(8,800,000) |
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(14,080,000) |
Fair value as of June 30, 2022 |
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$ |
480,000 |
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$ |
800,000 |
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$ |
1,280,000 |
The following table presents the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value:
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Fair value as of January 1, 2022 |
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6,240,000 |
Change in fair value |
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(480,000) |
Fair value as of March 31, 2022 |
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5,760,000 |
Change in fair value |
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(5,280,000) |
Fair value as of June 30, 2022 |
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$ |
480,000 |
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