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 |
September 30, 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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$ |
200,006,205 |
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$ |
200,006,205 |
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$ |
— |
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$ |
— |
Liabilities |
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Warrant liability - Public Warrants |
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$ |
11,600,000 |
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$ |
11,600,000 |
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$ |
— |
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$ |
— |
Warrant liability- Private Placement Warrants |
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$ |
7,020,000 |
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$ |
— |
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$ |
— |
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$ |
7,020,000 |
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Schedule of 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 22, 2021 (inception) |
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$ |
— |
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$ |
— |
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$ |
— |
Initial measurement at March 25, 2021 |
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8,880,000 |
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14,800,000 |
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23,680,000 |
Change in fair value of warrant liabilities |
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(1,860,000) |
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(3,200,000) |
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(5,060,000) |
Fair value as of September 30, 2021 |
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$ |
7,020,000 |
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$ |
11,600,000 |
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$ |
18,620,000 |
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 22, 2021 |
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$ |
— |
Initial measurement at March 25, 2021 |
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23,680,000 |
Change in fair value |
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(5,060,000) |
Transfer of Public Warrants to Level 1 measurement |
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(11,600,000) |
Fair value as of September 30, 2021 |
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$ |
7,020,000 |
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