Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2021
FAIR VALUE MEASUREMENTS  
Schedule of gross holding gains and fair value of held-to-maturity securities

The gross holding gains (losses) and fair value of held-to-maturity securities at September 30, 2021 and December 31, 2020 are as follows:

    

    

    

Gross

    

Amortized

 Holding 

Held-To-Maturity

 Cost

Gain (Loss)

Fair Value

September 30, 2021

 

Treasury Preferred Fund

$

334,402,202

$

6,421

$

334,408,623

December 31, 2020

U.S. Treasury Securities (Matured on 05/04/2021)1

$

334,319,993

$

(1,804)

$

334,318,189

(1)Upon maturity, the proceeds in the Trust Account were invested in a Treasury Preferred Fund.

Schedule of assets that are measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2021 and December 31, 2020 indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

September 30, 

December 31,

    

Level

    

2021

    

2020

Assets:

 

  

 

  

 

  

Cash and marketable securities held in Trust Account

 

1

$

334,403,203

$

334,318,189

Liabilities:

Warrant Liability – Public Warrants

1

$

9,692,255

$

23,395,099

Warrant Liability – Private Placement Warrants

2

$

5,626,000

$

13,580,000

Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis.

The following table presents the changes in the fair value of Level 3 warrant liabilities:

    

Private 

Placement

Fair value as of January 1, 2021

$

13,580,000

Change in fair value

 

(3,686,000)

Fair value as of March 31, 2021

9,894,000

Transfers out of Level 3 to Level 2

(9,894,000)

Fair value as of September 30, 2021

$